Reebok Trotter wrote:wanderlust wrote:This has just been contextualised by the IMF downgrading Britain's growth forecast to 1.6% in the light of investor uncertainty over Brexit.wanderlust wrote:Interesting statement from the EU regarding the Brexit transitional period. They say it won't go beyond 2 years i.e. the end of 2020. That implies a degree of optimism over the pace of striking a trade deal.
It took 10 years to work out the trade deal between the EU and Canada and that didn't include the most controversial element - and in our case Britain's biggest earner - the financial sector.
(IMF Chief) said that relative to growth in the rest of the world, "the UK is losing out as a result of higher inflation, pressure on wages and incomes and delayed investment".
With inflation rising above 3% and growth at roughly half of that, I guess they have a point.
The IMF have been consistent throughout. Problem is that they have been consistently wrong. According to them we should be in a deep recession now:
https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.google.co.uk%2Famp%2Fs%2Forder-order.com%2F2017%2F11%2F09%2Fslowest-gdp-g7%2Famp%2F&h=ATM9YSVJ5vFNd5KFmPc27aipmVNi2cAjGSAzQSY7oBeklH50CgUHH-QeunwPAfOaJscYq-5OebD_0kcvPgE7bXS_lm2yJ55iTiVWnLE4X70TqOHMcqvEFwk_g7Qim3OmcVMqBjU8nw
Is that a link to a UKIP site or is it just a completely different bunch of nutters?