IMF’s latest World Economic Outlook forecast that the UK<\/a> will contract -0.3% in 2023, one of the worst performing countries in the G20.<\/p>\nThe UK was hit harder from rising gas prices , high inflation and poor trade performance.<\/p>\n
The euro pushed higher despite retail sales falling -0.8% MoM and the IMF downwardly revising the German GDOP outlook for this year.<\/p>\n
The eurozone’s largest economy is set to contract -0.1%. The German government sees the economy growing 0.2%.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is holding steady below \u20ac1.14 after losses in the previous session. The pound fell after the IMF’s latest World Economic Outlook forecast that the UK will contract -0.3% in 2023, one of the worst performing countries in the G20. The UK was hit harder from rising gas prices , […]<\/p>\n","protected":false},"author":163946598,"featured_media":4916,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":["post-114235","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n
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