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Story summary
- IMF warned UK inflation will rise to 3.3% in 2026, above its earlier 3.2% forecast.
- IMF projects inflation slowing to 2.8% in 2027, higher than its prior 2.4% estimate.
- IMF forecasts UK GDP growth of 1.3% in 2026, revising up from a 1% estimate.
- IMF warns prolonged Middle East conflict could keep energy and food prices volatile, pressuring growth and fiscal balances.