IMF UK Thumbs Up
Published / Last Updated on 26/09/2010
by Ashley Clark, Director
The International Monetary Fund (IMF) has backed the new coalition Government and its spending cuts by suggesting that the UK economy is "on the mend".
Many countries including the UK are going through huge spending cuts to ease deficits.
The IMF has suggested that the UK economy will continue on a stable recovery over the next few years with predicted growth of 2% in 2011 and back to our target of trend growth at 2.5% pa after that provided cuts are employed.
Whether unions or the public like it or not, sadly we cannot spend what we do not have and recovery will only come if we all tighten our belts.
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