The International Monetary Fund says the country's growth is being held back by more miserly government spending and the effects of high energy prices - and that the economy will even lag behind Russia's in 2023.
However, the Fund has now upgraded its growth projections for Italy and Germany, with the result that both will now grow more than the UK in 2023.
Mr Hunt said of the forecast:"The governor of the Bank of England recently said that any UK recession this year is likely to be shallower than previously predicted, however these figures confirm we are not immune to the pressures hitting nearly all advanced economies.
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