The success of the vaccination rollout has allowed the economy to reopenBritain will be the world’s fastest-growing advanced economy this year after the rapid vaccine rollout and support for households and businesses persuaded the International Monetary Fund to upgrade UK GDP more than any other country. In its latest forecasts, the institution said the UK will grow 7 per cent this year, revised up from 5.3 per cent in April, making it the equal fastest expanding G7 economy alongside the United States. Some of the upgrade is merely bringing forward growth to 2021 from 2022, but next year Britain, with 4.8 per cent, is expected to remain the second fastest growing G7 nation, behind the US. SponsoredThe UK had been expected to bounce back more quickly than G7 rivals simply because it suffered the deepest recession

Source: The Times July 27, 2021 13:05 UTC