It has forecast its economy will shrink by 0.6% in 2023; in October, the IMF had expected growth of 0.3%. Higher interest rates and tighter government budgets are squeezing the British economy.

Since the end of 2019—a period that includes the covid-19 pandemic and its aftermath—America’s economy has grown by about 8% in real terms (see chart 1). During that same time, the euro area ...

During this quarter, the economy grew at 4.4 per cent, compared to 4.5 per cent in a similar period in 2012 with various sectors such as agriculture, hotels and restaurants registering subdued growth.