Business UK
Doom-mongering IMF forecast for UK economy labelled ‘instinctively anti-Brexit Britain’
Liam Halligan has labelled the IMF’s forecast for the UK’s economy ‘instinctively anti-Brexit Britain’.
The International Monetary Fund (IMF) upgraded its forecast for the UK economy this year, saying it expects it to be the worst performing economy in the G7.
It forecasts UK output to contract by 0.3 per cent this year before rebounding to grow by 1 per cent next year.
It makes the UK one of only two countries whose economy is predicted to decline, with Germany’s economy expected to contract by 0.1 per cent.
GB News’ Economics and Business Editor, Liam Halligan, said the prediction was “instinctively anti-Brexit Britain” and “months out of date”.
“The UK is, according to the IMF, the slowest growing of all the major economies in the world. There the IMF were saying our gross domestic product would shrink by 0.6 per cent this year, but now we’re only going to shrink by 0.3 per cent.
“So we are actually the most improved in terms of their previous forecast and their current forecast.
“They’ve upgraded us more than any other economy, but they’re still saying that the economy will contract and the UK will go into recession.”
He continued: “Of course, the Office for Budget Responsibility’s been saying that for months, the Bank of England’s been saying that for months.
“What I would say about these IMF forecasts is I don’t only think that they’re kind of instinctively anti-Brexit Britain, I really think they are, but I’d also say that they’re weeks out of date.
“There are so many layers of bureaucracy at the IMF, I used to actually work at the IMF in another life and it’s so political. This forecasting has to go through so many committee hands that these numbers are at. At least weeks out of date. Probably months.”
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Cabinet Office DEMANDS LGBT and ethnic figures on bank notes over DIVERSITY – ‘RIDICULOUS!’
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‘We have real pressing financial issues as a country. I find focus on stuff like this quite ridiculous!’
Nana Akua hits out at the Cabinet Office’s suggestion that banknotes should featurre prominent ethnic or LGBT figures from British history.
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@rmenfrance7065
December 25, 2023 at 2:30 am
UK Most improved lmfao, if you polish a turd…its still a turd
@stephengreen2626
December 25, 2023 at 2:30 am
This is not from 8 days ago when they are talking about Liz Truss before her nutty mini budget.
@brubeker12
December 25, 2023 at 2:30 am
More non major investment into the UK from Sir Jim Radcliffes Ineos who will, build the all electric landrover in France NOT the UK. That means that all the new Landrovers built overseas . Sir Jim was a prominent leave supporter if my memory serves me right. Thanks for the support.
@paulmcgrath3248
December 25, 2023 at 2:30 am
Project reality£ ha ha .
@bbbf09
December 25, 2023 at 2:30 am
Brexit itself is the thing ‘instinctively anti-Britain’. We don't need IMF to point out the obvious of the state we are in. Right next door to UK, Ireland is a low tax and booming economy – and very pro-EU and embedded in it. Here in UK – now out of EU – we are just about limping along – and everyone knows it.Everyone except GB News and brexit supporters who can never of course admit they were ever wrong. But they were and are.
@piglex1
December 25, 2023 at 2:30 am
IMF? Just another bunch of crooked politicians these days. The fund is worthless.
@philjohnson3829
December 25, 2023 at 2:30 am
We should ignore al these silly forecasts – after all that's all they are . Most people just get on with their lives and businesses just carry on
@andunabu3238
December 25, 2023 at 2:30 am
Denial is a defence mechanism to avoid anxiety and stress.
What’s the best performing region in the UK?
NI, as we got the softest of Brexits (despite voting against it)
Also Irelands per capita GDP is x 7 that if the UK.
Lap it up!
@ben_jam
December 25, 2023 at 2:30 am
The UK is screwed and it's been screwed by Brexit, wake up !!
@dingopisscreek
December 25, 2023 at 2:30 am
to you and i, the ordinary tax payer, the imf forecasts, right or wrong, will make not the slightest difference to our lives. it is navel gazing for economists and the government
@cashel77
December 25, 2023 at 2:30 am
Clown show
@danielmcgurran6720
December 25, 2023 at 2:30 am
Being slightly less shit in this forecast than the last one is not the same as being most improved.
@davidhickman2451
December 25, 2023 at 2:30 am
The IMF is just another Left wing institution hell bent on destroying the UK purely because we voted Leave. But in the long run, we’ll be alright. You can’t undo 40+ years of EU membership in the space of a few years, especially when our own civil service thwarts the elected government’s attempts at every turn. The Left in every country is basically an anti-democratic ideology
@simondaly9960
December 25, 2023 at 2:30 am
IMF is nothing more than an outreach program by the US Fed Res, creating it's own subjectification of who is doing the right or wrong thing in the Globalists viewpoints, and "rewarded" or penalised for it. Nothing more.
@mogznwaz
December 25, 2023 at 2:30 am
It’s what’s called trying to create a self fulfilling prophecy – the more they talk is fine the less confidence people ha d which then fulfils the IMF pessimism forecast. Considering what this country has gone through the last 6 years I think the UK economy has proved remarkably resilient!
@stevehawkins3108
December 25, 2023 at 2:30 am
What fucking crap
@eggandscorpion
December 25, 2023 at 2:30 am
Liz Truss crippled the UK economy but the real baddies are the IMF because there's a dastardly French guy there. And saboteurs within the Central Bank! Even after brexit, the Brexit persecution complex is getting worse.
@tarakbennett4316
December 25, 2023 at 2:30 am
I love the way Brexit supporters can’t admit the damage they’ve caused to the country. Like an alcoholic who refuses to admit he has a problem
@user-lw7om1sg1m
December 25, 2023 at 2:30 am
Russian inflation is only 4% since sanctions So give us sanctions its better😂
@user-lw7om1sg1m
December 25, 2023 at 2:30 am
The UK Gov and the USA Gov want the UK back in the eu regardless what the people voted for Vote Reform if you really want Brexit to happen and we can break free this bankers dictatorship
@michaeltagg492
December 25, 2023 at 2:30 am
Of course it is anti Brexit because there is no rational economic argument for it. The IMF had a pessimistic view of the world economy and ours improved but so has everyone else. As for Truss she is completely deluded blaming those well known WOKE Leftie blob City of London traders.
@chrislaurenceleo
December 25, 2023 at 2:30 am
I think the IMF always defer to the more pessimistic outcomes for all countries so when comparing forcasts for the UK against other countries they tend to be correct.
@muhammaduddin9268
December 25, 2023 at 2:30 am
Blame lockdowns for this mess and Brexit.
@juliancoulden1753
December 25, 2023 at 2:30 am
Proper reporting by presenters who actually know something.
@martynwaugh
December 25, 2023 at 2:30 am
I'd be a bit wary of anyone predicting stuff if they've predicted about Russia. Who haven't even published economic data since March 2022. Incidentally, a lot of the IMF economists are Russian.
@maxmartin7080
December 25, 2023 at 2:30 am
Reality bites!
@douginorlando6260
December 25, 2023 at 2:30 am
The economy is already collapsing. Proof is in the last few weeks. Bank loans have decreased by $104 billion in a 2 week period. And bank loan tightening will certainly continue as long as banks are suffering a liquidity crisis especially with the trend of increased rate of loan defaults. During the next 12 months at $52 billion per week, bank loans will drop by $2.7 trillion. This will cut 12% off the GDP ($2,7 trillion/$23 trillion).
Yellen … just come out and say it … you intend to create a severe recession in order to ruin the market for Russian oil & gas exports.
@davidbarrett1487
December 25, 2023 at 2:30 am
Thank God , we are out of EU, everything has to go through EU GOV which is not democratic, all treaties and agreements we never voted for. EU let millions of invaders in, welcome. Major knight signed ‘ the MEDITERRANEAN AGREEMENT to let Islam in & third world. MASSIVE BUREAUCRACY is no bloody good, it costs a packet and can stop our laws just everything. Yes, remember Merkel, come in! Much better on our own, but must get rid of Zionists: MAY, BLAIR, BROWN, MILIBAND and JOHN MAJOR, behind the scene anti- Brexit. VOTE REFORM PARTY. LIBLABCON destroyed UK. DIVERSITY, WEF NWO and GREEN never voted for, looks totally treacherous to me. UK made foreign on purpose, democracy trampled to death, real BRITS bled dry, taxed to HELL 👺👺👺👺🇬🇧 buried in concrete & regulated zombies. 🇬🇧🔥👎👎👎😡🤢😎Rotten ENERGY artists of the GREAT RIP- OFF, the elite greed create death and hell. ELITE HAVE STOLEN UK & SOLD IT, didn’t they do well ? 😡🤜🤮COVID CROOKERY as well 😡😡😡😡😡