> The IMF has said it no longer expects the UK to enter a recession this year, adding that the country’s economy has been “buoyed by resilient demand in the context of declining energy prices”.
> Earlier this year the IMF predicted that the UK economy would shrink by 0.5 per cent between the final quarter of 2022 and the final quarter.
> Its latest outlook, published on Tuesday, noted that “economic activity has slowed significantly from last year and inflation remains stubbornly high” but added that “the outlook for growth, while improving somewhat in recent months, remains subdued”.
> The organisation now expects UK economic growth to slow to 0.4 per cent this year.
> *This is a developing story*
I’m shocked that the IMF got it horrendously wrong on the UK again.
That’s a change from a 0.6% contraction to 0.4% growth in the space of about 4 months.
r/leopardsdidnteatmyfaceafterall
Shit, that means there’s probably going to be one.
lol lets see how this goes, these central banks never get it right, almost by design.
Expect this to be heavily downvoted.
I don’t want to be a conspiracy guy but all these low growth false IMF reports on the UK economy started in 2019 when Kristalina Georgieva became Managing Director who previously had the role as European Commission Vice President for Budget and Human Resources (2014-2016).
I think she might have a vendetta against UK
Michael Grove was mocked relentlessly for saying “we’ve had enough of experts” (although he was misquoted) and this is why. We keep hearing doom and gloom about the UK then it turns out to be false or not as bad as predicted.
8 comments
> The IMF has said it no longer expects the UK to enter a recession this year, adding that the country’s economy has been “buoyed by resilient demand in the context of declining energy prices”.
> Earlier this year the IMF predicted that the UK economy would shrink by 0.5 per cent between the final quarter of 2022 and the final quarter.
> Its latest outlook, published on Tuesday, noted that “economic activity has slowed significantly from last year and inflation remains stubbornly high” but added that “the outlook for growth, while improving somewhat in recent months, remains subdued”.
> The organisation now expects UK economic growth to slow to 0.4 per cent this year.
> *This is a developing story*
I’m shocked that the IMF got it horrendously wrong on the UK again.
That’s a change from a 0.6% contraction to 0.4% growth in the space of about 4 months.
r/leopardsdidnteatmyfaceafterall
Shit, that means there’s probably going to be one.
lol lets see how this goes, these central banks never get it right, almost by design.
Expect this to be heavily downvoted.
I don’t want to be a conspiracy guy but all these low growth false IMF reports on the UK economy started in 2019 when Kristalina Georgieva became Managing Director who previously had the role as European Commission Vice President for Budget and Human Resources (2014-2016).
I think she might have a vendetta against UK
Michael Grove was mocked relentlessly for saying “we’ve had enough of experts” (although he was misquoted) and this is why. We keep hearing doom and gloom about the UK then it turns out to be false or not as bad as predicted.