Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

" I M F Cuts Britain's Growth Forecast"

Recommended Posts

http://www.telegraph.co.uk/finance/finance...h-forecast.html

IMF cuts Britain's growth forecast

The International Monetary Fund has reportedly slashed its forecast for the UK economy this year, even as it raises predictions for global growth.

By Josephine "Jo" Moulds

Published: 5:46PM BST 04 Sep 2009

The IMF expects Britain's economy to shrink by 4.5pc this year

Just days after a damning diagnosis from the OECD, leaked revisions show the IMF expects Britain's economy to shrink by 4.5pc this year compared with previous forecasts of a 4.2pc contraction.

By contrast, the IMF expects global GDP to fall by just 1.3pc in 2009, better than earlier predictions of a 1.4pc decline.

______________________________________________

IMO they are still failing to take unemployment and falling business investment into account.

Share this post


Link to post
Share on other sites

UK really does seem to have been cut adrift.

There was hope that as a trading nation our recovery would be linked to recovery elsewhere even if we did not have the conditions to recover internally ( or by endogenous growth as GB would say).

This is bad news if it is correct. Trading with better run economies is the only thing we have left.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   288 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.