Growth in the UK, employment progress and overall reduction the deficit  have been “strong”, according to the International Monetary Fund (IMF).

Underlying economic vulnerabilities have been dealt with, and consistent, stable growth looks set to continue, it said.

However, large household debt, as well as a trade deficit and high government debt are still factors which continue to be a concern and risk to the economy.

The debate over whether the UK will stay in the EU also remains an issue due to the consequential uncertainty.


Nevertheless growth has outstripped other major economies, with unemployment falling and the deficit being reduced, resilience has increased, the IMF said in a report.

Source:  BBC Business News