Analysis

Briefing: Industry has fight on its hands despite economic boost

By Jon Guy 2023-05-24T07:30:00

doors light

’While there is light at the end of the tunnel, the economic issues that have beset the market look set to continue’

By Jon Guy

The UK was provided with some much needed good news yesterday (23 May 2023) when the International Monetary Fund (IMF) released a forecast showing that the country’s economy was unlikely to slide into recession.

But the IMF didn’t stop there – it went on to deliver even more positive news, saying that resilient demand and declining energy prices were set to contribute to positive growth in 2023.

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