IMF Says UK Far From Recovery
Published / Last Updated on 21/05/2013
IMF Says UK Far From Recovery.
The International Monetary Fund (IMF) has said the Government should slow down the pace of cuts. The UK is still far from a smooth recovery and the austerity measures are holding the economy back.
The IMF has recognised the austerity measures for the UK has gained the UK government credibility, but is should do more to offset the negative impact of austerity.
Our View:
The IMF also said that the UK should maintain its low rate of interest at 0.5%pa to stimulate. We guess none of them have the answer.
The International Monetary Fund (IMF) has said the Government should slow down the pace of cuts. The UK is still far from a smooth recovery and the austerity measures are holding the economy back.
The IMF has recognised the austerity measures for the UK has gained the UK government credibility, but is should do more to offset the negative impact of austerity.
Our View:
The IMF also said that the UK should maintain its low rate of interest at 0.5%pa to stimulate. We guess none of them have the answer.