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The UK economy will grow faster than expected this year as it recovers from the Covid pandemic, the International Monetary Fund (IMF) has said.

Economic prospects for rich and poor nations have diverged more due to differing access to Covid vaccines, it said.

In a new assessment, the IMF said the world is increasingly split into two blocs.

It has upgraded growth forecasts for developed economies.

But the outlook for many developing countries has weakened.

Among the forecast revisions for this year, the largest upgrade is for the UK to 7%.

Britain is also now predicted to have the joint fastest growth of the

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