IMF Revises Growth Forecast Upwards Again

The IMF has significantly upgraded its growth forecast for Britain in 2017: it now expects the UK economy to grow by 1.5% this year, up by 0.4 percentage points on its October estimate. It has recorded 2016 growth at 2%, up from 1.8%. The IMF said growth:

Held up better than expected in the aftermath of the Brexit vote.”

Remember, Christine Lagarde said the aftermath of a Leave vote would be “pretty bad to very, very bad”. At least Andy Haldane had the good grace to issue a mea culpa…


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Andrea Jenkyns accuses PM of acting in bad faith…

“I would not be surprised if we were promised that it would be looked at in the next stage to gain support but then be immediately dropped once the withdrawal agreement had gone through. The government needs to work on building up trust as many of us feel that we have been strung along.”

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