24 January 2013

More Agreement With the IMF

They are saying that Britain should back off its austerity policies:
Britain should tone down its austerity plans to help the struggling economy, the International Monetary Fund's chief economist has suggested.

Olivier Blanchard said the budget in March would be a good time for George Osborne to "take stock" of his plan A.

The comments, in an interview with BBC Radio 4's Today programme, came after the IMF trimmed its forecasts for the UK and global growth. The British economy is now expected to expand by 1% rather than 1.1% this year, and 1.9% rather than 2.2% next year.
Twice in a day I agree with them.

Go figure.


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