UK growth down as IMF warn deficit reduction should not be at the expense of growth
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 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.
José Manuel Barroso has called for an end to austerity all across the European Union, reports Left Foot Forward’s Alex Hern.
The IMF downgrades to UK growth today is awful news for those who are hoping to cut the deficit, explains Left Foot Forward’s Cormac Hollingsworth.
More gloom on the economy today: The IMF have downgraded UK growth by 0.6 per cent to 1.1 per cent in 2011, and from 2.3 per cent to 1.6 per cent for 2012.
The IMF have published the results of a study of previous episodes of deficit reduction in advanced economies, concluding cutting too quick increases unemployment.
Ed Miliband’s call for an emergency G20 summit in September is backed up by an important year-long project undertaken by the IMF, writes Cormac Hollingsworth.
Labour needs to have an independent voice on Greece; the party’s internationalism puts it on the side of the Greek people, writes Labour MP Barry Gardiner.
Ben Fox reports on the appointment of Christine Lagarde as head of the International Monetary Fund (IMF) – at the expense of candidates from other countries.
As the Queen opened the fourth National Assembly for Wales, one Plaid Cymru AM, has dubbed the monarchy “a hereditary class system which perpetuates inequality”
The International Monetary Fund today gave its backing to George Osborne’s public spending cuts and tax increases, and also highlighted the significant risks to growth and unemployment.