Here's one for you all - enjoy

bigfreddiel

How about this then?

"The International Monetary Fund (IMF) has backtracked on its gloomy post-Brexit forecast for the UK, saying it is likely the country will be the fastest growing major economy in 2016."

Fill your boots everyone, buy, buy, buy the time couldn't be better

Cheers fj

Glen_Clark

are they counting house price growth?

societys_child

Glen_Clark wrote: »

are they counting house price growth?

Apparently not. it appears the the rest of the (sane) world is queuing up to trade with us, once we free ourselves from the corruption of the EU.

bowlhead99

Here's one for you all - enjoy

Enjoy what? Enjoy calling you out as an idiot who only reads the part of the headlines that match his world view, and then keeps posting them in the savings and investment forum instead of somewhere suitable like the 'debate the economy' or 'pub' board?

Let's look at your headline:

"backtracked on its gloomy post-Brexit forecast for the UK"

ok, so they mean it is not going to be gloomy post-Brexit?

"saying it is likely the country will be the fastest growing major economy in 2016."

oh, 2016 is not post-Brexit. It is pre-Brexit. So on the face of it they have not backtracked on the fact that things will be gloomy post Brexit, because what they are talking about is the current financial year, which will finish before we even get as far as invoking Article 50.

Not sure where you got your headline from so I'll pull up a couple of articles dated today which came from the same press release and kick off with that text:

Article 1 after your headline goes on to say:

"However, the IMF insisted that the UK's decision to leave the EU would in all likelihood exert a permanent drag on long-term growth, as it predicted that the Government would not balance the books until at least 2022."

"Looking beyond the current fiscal year, the IMF cut its forecast for growth in 2017 to 1.1%, from a forecast of 1.3% in July and 2.2% in April."

Article 2 says

However, it forecast a sharp slowdown in 2017, claiming the economy would eventually suffer from the shock of the EU referendum result. It said expansion next year would be just 1.1 percent, lower than expected in the immediate aftermath of the Brexit vote.


The IMF’s economic counsellor, Maurice Obstfeld, said the Brexit vote left the future of UK’s trade and financial relations with the other 27 EU member states unclear.
“Alongside economic anxiety and other factors, the Brexit vote reflects a resentment of cross-border migration that has fueled nationalist sentiment in Europe and called into question the way forward for EU integration,” he said.


The IMF also cautioned that economic data since the referendum had been limited and said the fall in sterling would prompt inflation to rise from 0.7 percent this year to 2.5 percent in 2017.


It also cut its medium-term growth forecast for the UK from 2.1 percent to 1.9 percent as a result of what it assumes will be barriers to trade, migration and capital flows.

Sure, it's all looking pretty rosy for us post Brexit according to the IMF isn't it. Oh wait. The press release doesn't say that at all.

savings_my_hobby

The IMF will have to revise it's POST Brexit prediction to take into account all the trade deals we shall have lined up.

I guess Taylor Swift was right; Haters gonna Hate.;)

EdGasket

Most Brexiters hadn't a clue what they were voting for.

jimjames

EdGasket wrote: »

Most Brexiters hadn't a clue what they were voting for.

Because they weren't voting for any specific outcome other than leaving EU despite some thinking otherwise. Oh and voting for £350m for NHS.....

Remaining in EEA, single market, free movement and paying into EU budget are all entirely within the referendum result.

2010

EdGasket wrote: »

Most Brexiters hadn't a clue what they were voting for.

They voted to get back control of the country by restoring power to our democratically elected parliment.

To stop sending £385 million a week for some bunch of unelected bureaucrats to waste on their idiotic projects.

To get back control of our borders, so we decide who comes into the country.

The brexiters knew exactly what they were voting for and won the referendum.

The remainers were great believers in democracy until they lost and have been crying ever since.

chockydavid1983

Move thread

Chadsman

2010 wrote: »

To stop sending £385 million a week for some bunch of unelected bureaucrats to waste on their idiotic projects.

Does that mean the NHS is going to get the promised 350million a week?

Dird

EdGasket wrote: »

Most Brexiters hadn't a clue what they were voting for.

Neither did you. You have no idea what a Britain would be like in 15 years time if still in the EU. All you voted for was a fantasifull "keep it as it is"