U.K. Recovery Flattered by Population Growth

July 25, 2014 3:27 PM

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It’s been an encouraging 24 hours for British economic policy makers. But the recent run of strong growth figures flatters the economy’s post-crisis performance, and understates the distance that still has to be covered until the recovery is complete.

For a fourth straight update, the International Monetary Fund Thursday raised its U.K. growth forecasts, and now expects real gross domestic product to increase by 3.2% this year, an outcome that is unlikely to be bettered by any other large developed economy.

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