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Britain Will Have To Delay Austerity Plans If Growth Slows Further, Warns International Monetary Fund

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http://www.telegraph.co.uk/finance/financialcrisis/8776715/Britain-will-have-to-delay-austerity-plans-if-growth-slows-further-warns-International-Monetary-Fund.html

The outlook for 2012 is also markedly worse, at a sluggish 1.6pc compared with the 2.3pc expected in June.

Singling out the UK, the IMF added: “If activity were to undershoot current expectations, countries that face historically low yields should also consider delaying some of their planned adjustment (Germany, United Kingdom).”

The UK downgrade came as the IMF took an axe to its global forecasts, slashing projections for growth in the US, Canada and much of Europe by even more than Britain. Global growth is now expected to be 4pc both this year and next, compared with forecasts of 4.3pc and 4.5pc in June.

The Washington-based institution blamed a slower than expected recovery in the US, which it expects to expand by just 1.5pc this year compared with a prediction of 2.5pc in June, and the persistence of Europe’s “sovereign debt and banking sector problems”, as well as high oil prices earlier this year and the Japanese tsunami.

Yeah lets solve a debt crisis by add more debt to it via deficit spending.

Genius.

Global default is the only option, the bubble has to burst.

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  • 334 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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