The United Kingdom economy will contract by 10.4% this year and grow by 5.7% in 2021, the IMF forecast."The outlook is for a muted recovery with risks weighted to the downside," the Fund said in a statement on Thursday.
"My main message today is that continued policy support is essential to address the pandemic and to sustain and invigorate a recovery.""Today's IMF report is an important moment – they confirm the UK is on the right economic course," said the chancellor of the exchequer.The UK government last weekafter businesses hit by regional coronavirus lockdowns claimed it did not go far enough.
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