“Comprehensive pro-growth strategy” needed to boost economic outlook
1 February 2023
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1 February 2023
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Julian Jessop writes in The Express
IEA Economics Fellow Julian Jessop has written in The Daily Express responding to the IMF’s forecast of negative UK economic growth in 2023.
Julian wrote:
“Tuesday was a bad headline day. The IMF predicted the UK will be the only major economy to shrink this year. And grocery price inflation hit a record high. Nonetheless, the IMF’s pessimistic forecasts should be taken with a fistful of salt. Its track record is poor and some of its assumptions look out of date.
“We desperately need a comprehensive pro-growth strategy to tackle the issues holding us back, including a fall in the number of people seeking work, weak investment and high energy costs.”
Julian’s full comment can be read on page eight of The Express (01/02/2023).
Julian wrote:
“Tuesday was a bad headline day. The IMF predicted the UK will be the only major economy to shrink this year. And grocery price inflation hit a record high. Nonetheless, the IMF’s pessimistic forecasts should be taken with a fistful of salt. Its track record is poor and some of its assumptions look out of date.
“We desperately need a comprehensive pro-growth strategy to tackle the issues holding us back, including a fall in the number of people seeking work, weak investment and high energy costs.”
Julian’s full comment can be read on page eight of The Express (01/02/2023).
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