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BusinessPolitics123 words1 min read

IMF Raises UK Growth Forecast, but Warns of Risks

The IMF is a big group that studies money and countries.

It looks at how economies grow or get worse.

The IMF now thinks the UK economy will grow more this year.

This is called a forecast. A forecast is a guess about the future.

Before, the IMF had a lower number for UK growth.

Now, the number is higher. This is good news.

But the IMF also says there are still risks.

A risk is something that could cause problems.

The IMF did not give all the details in this short report.

Still, people are happy that the UK number went up.

Experts will watch the UK economy closely this year.

The IMF's words are important for banks and governments.

Vocabulary8 words

IMF
a big group that helps and watches money in many countries
forecast
a guess about what will happen in the future
risks
things that could cause problems later
economy
how money, jobs, and business work in a country
growth
when something gets bigger, like money or jobs
upgraded
made better or higher than before
influential
having a strong effect on other people
report
a paper that gives information about something

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Quiz

1. What did the IMF do to its UK growth forecast?
2. What is the IMF?
3. True or false: The IMF said there are no risks to the UK economy.

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Fill-in-the-blank listening

Play the audio again and fill in the missing words as you listen.

The ***IMF*** is a big group that studies money and countries.

It looks at how economies grow or get worse.

The IMF now thinks the UK economy will ***grow*** more this year.

This is called a ***forecast***. A forecast is a guess about the future.

Before, the IMF had a ***lower*** number for UK growth.

Now, the number is ***higher***. This is good news.

But the IMF also says there are still ***risks***.

A risk is something that could cause ***problems***.

The IMF did not give all the ***details*** in this short report.

Still, people are happy that the UK number went up.

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