
A ‘benign’ Brexit forecast from the IMF?
Given the grim protestations of the IMF prior to Brexit some might be surprised to see the forecaster’s view on the UK economy post the referendum.
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The IMF says “the worst is yet to come” – and if that sounds like a tagline from a disaster movie that’s about the right mood. The IMF thinks more than a third of the global economy will shrink either this year or next. Everyone is taking a hit from the Russian invasion of Ukraine, the cost of living crisis and a slowdown in China driven by its Covid lockdown policies.
Spiralling energy prices are hitting economic growth across the world – with the IMF warning the global economy is teetering on the edge of recession.
The International Monetary Fund has downgraded its outlook for the UK economy, although Britain remains one of the fastest growing countries in the world.
As unemployment rises in the UK, the IMF is warning about the hit to living standards worldwide.
Leaving the European Union without a Brexit deal could have “dire consequences” for the British economy, the International Monetary Fund has warned.
Inflation has been on the rise while wages are being squeezed, and now there’s even more gloomy news for the British economy. The IMF has slashed its growth forecast for the year in its first downgrade since the Brexit vote, blaming the UK’s “tepid” performance in the first three months of the year.
Given the grim protestations of the IMF prior to Brexit some might be surprised to see the forecaster’s view on the UK economy post the referendum.
The levels of economic pain and dysfunctional borrowing set to be inflicted on Greece mean that at some point public opinion will flip.
The IMF like their emergency economic plans from debtor countries pretty heavy on the spending cuts, light on the tax rises. The Tsipras plan was the very opposite.
The break-up of the Eurozone will lead to the sort of “nationalisms” seen in the run up to the Second World War, Greece’s top negotiator Euclid Tsakalotos tells Channel 4 News.
European officials trying to secure a last-minute deal in the debt stand-off between Greece and the IMF now have to anticipate the threat of revolt within the country’s ruling Syriza party.
European negotiators have just days to conclude an agreement with Greece or a critical payment to the IMF on 5 June is likely to be missed, according to a leaked document seen by Channel 4 News.
The International Monetary fund says UK GDP will rise by 3.2 per cent this year after revising its forecast upward for the fourth time in a row.
The IMF’s annual MOT on the British economy concludes that the coalition’s austerity policies are justified – which has set Treasury officials leaping around like excited pixies.
The International Monetary Fund says it “clearly under-estimated” the strength of Britain’s economic recovery, as Christine Lagarde plays down speculation about her leading the European Commission.