The International Monetary Fund has upgraded its forecast for the world economy this year.
The IMF has raised hopes that economic powerhouses are heading for a “soft landing” after more than a year of high inflation.
The Washington-based body said global output would rise by 3% this year, up 0.2 percentage points on its April forecast.
However, the UK is at the bottom of its growth forecasts, unchanged from May at 0.4%, beating only Germany among the G7, which will see a recessional fall of 0.3%.
