IMF calls on Osborne to ease up on austerity
The International Monetary Fund (IMF) has cut the UK’s growth forecast more than any other major economy and called for the government to spend more to stimulate growth.
The International Monetary Fund (IMF) has cut the UK’s growth forecast more than any other major economy and called for the government to spend more to stimulate growth.
Last weeks IMF/World Bank meetings in Tokyo highlighted the fact the austerity measures being forced upon countries are not working, writes Tony Burke.
Last night’s IMF reassessment on the UK economy is a massive boost for Ed Balls’s 5-point plan for growth, writes Cormac Hollingsworth.
The IMF thinks cuts have damaged growth more than previously thought, reports Will Straw.
Shamik Das looks back at the week’s politics, including our progressive, regressive and evidence of the week.
Balls: How much longer must we wait, and how much more damage must be done, before George Osborne finally does the most important u-turn of all?
The IMF downgraded its UK growth forecast today for the third time in under a year.
The International Monetary Fund (IMF) have advised today that “planned fiscal adjustment” will be unavoidable if economic recovery fails to take off.
The UK economy barely grew in the second quarter of 2011, GDP up just 0.1 per cent, as the IMF said deficit reduction should not be at the expense of growth.
The IMF have published the results of a study of previous episodes of deficit reduction in advanced economies, concluding cutting too quick increases unemployment.