UK expected to avoid recession in 2023: IMF

LONDON, May 23 (Xinhua) -- The United Kingdom's (UK) economy is expected to avoid a recession this year, as it is buoyed by resilient demand in the context of declining energy prices, the International Monetary Fund (IMF) said on Tuesday.

The country's gross domestic product (GDP) will grow by 0.4 percent in 2023, a 0.7 percentage point upgrade to the April forecast of a 0.3 percent contraction, the IMF noted in