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Time to Grow

In its latest forecast, the International Monetary Fund (IMF) has concluded that the UK economy will not fall into recession in 2023 but will in fact grow by 0.4%. This is a 0.7% swing from the last forecast in April 2023. Citing ‘resilient demand in the context of declining energy prices,’ the IMF also highlighted areas such as the Windsor Framework agreement on Northern Ireland and the decision to take a more measured approach in reviewing retained EU laws as key to revising its forecast upwards.

However, the IMF also commented on the need to continue a measured approach in order to bring inflation down as targeted. The recognition that a rush to deliver instant improvements is not always the best policy is one which we recognise only too well when it comes to investments. Delivering strong growth can take time and what might seem to be ‘instant wins’ can in some cases lead to long term losses. That’s why when recommending investment pathways, we look towards the long term needs and ambitions of our individual clients.

If are looking for advice on investments or if your situation has changed and you may therefore need to review your existing pensions or investments, contact Beckworth by using one of the links on our website.