UK growth to remain chronically sluggish
Kristian Niemietz quoted in The Telegraph
Christopher Snowdon quoted in The Mail
Julian Jessop quoted in The Express
“The large upgrade to the IMF’s forecast for the UK economy in just a month shows why we shouldn’t take these numbers too seriously.
“But the revision is consistent with other signs that the UK will dodge the recession so many feared. Unfortunately, growth is still expected to be sluggish. The UK economy is predicted to grow by an average of just 1.5 percent a year over the longer term.
“The IMF makes policy recommendations to boost productivity and growth. But many of these are politically difficult – such as easing planning restrictions and reducing barriers to business investment. The Government needs to be more ambitious.”
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