Ignore the IMF: Economic forecasts have a history of being unreliable
So the IMF has slashed its growth forecasts for the UK economy. This august body has just pronounced that Britain’s economy will come to a virtual standstill. Growth in 2012 will be just 0.2pc, compared with the IMF’s April forecast of 0.8pc growth. It cut its 2013 growth forecast by the same margin to 1.4pc […]