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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Quote of the Day

Boris on Osborne and Project Fear:

Unemployment has fallen by 250,000 to a new low of 4.2 per cent while record numbers of jobs have been created – including no fewer than 8 for the former chancellor and chief architect of project fear who has become a glorious living rebuttal of his own preposterous warnings.”

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