TRA TỪ
IMF Increases UK Growth Forecast


 
Back up work, the economy growing again! Perhaps a bit of a surprise, though, to the influential International Monetary Fund which warned, only a few months ago, that the Chancellor was playing with fire by not easing off on his spending cuts when our economy was flat as a pancake.
So, was the IMF wrong?
Olivier Blanchard, Chief Economist, IMF: “I think it was true at the time. You know, nobody thought that, uh, consumers would certainly go on a spending spree. So at the time, it looked risky. Now, in retrospect…no, it was probably not playing with fire but at the time, we didn’t know and I think it was a reasonable call.”
And is the man who lives here smug that he ignored the IMF’s council?
George Osborne, the Chancellor of Exchequer: “Well we had some advice to avoid taking the difficult decisions in Britain but we rejected that advice. We rejected the quick fixes and the easy options and by working through our plan we are delivering economic security for the hard working people of this country and that’s reflected in the good news today.”
Although we don’t, yet, have the official figures, growth last year was probably around 1.8 percent but at the end of 2013 the recovery accelerated and that’s why the government’s official forecaster, The Office for Budget Responsibility and now the International Monetary Fund, are expecting growth this year, 2014, of 2.4 percent. However, many economists think they’re still too pessimistic. The powerful bank of England expects growth of 2.8 percent and the US bank, Citi, is expecting the kind of growth we enjoyed in the boom years: 3.2 percent.
But gratifying as it is we’re growing again, there may be bumps in the road. Too much of the UK’s recovery is arguably based on consumer spending, shopping, rather than investments and is vulnerable to rises in interest rates. There’s a disturbing widening of the deficit between what we buy from the rest of the world and what we sell abroad. And the Labour Party wonders when we’ll enjoy the recovery in our pockets.
Ed Balls, Shadow Chancellor: “After three years of flat-lining, any growth is good news but for most families with their living standards still falling, this is no recovery at all.”
Unlike economies doing worse than us right now, Britain’s national income is still less than it was at the time of the 2008 crash. Our recovery is real but it will be some time yet to where, again, we will be as rich as we were before it all went so horribly wrong. Robert Peston, BBC News.
Source: BBC
ĐĂNG PHẢN HỒI CỦA BẠN CHO BÀI HỌC NÀY
CÁC Ý KIẾN BÌNH LUẬN - PHẢN HỒI VỀ BÀI HỌC NÀY

bequandethuong

Tiếng Anh cơ bản sơ cấp

Ngày tham gia: 27-11-2020

Bài viết: 711

• Sổ học bạ: 98
• Điểm thành tích: 16
• Điểm học bạ: 98
trucgiang08
Gửi lúc: 11:47:47 ngày 27-01-2021
๖ۣۜHòลηɠ•Ŧửツvà♡๖ۣۜᑕôᑎG ᑕᕼúᗩ ♡๖ۣۜ

dinhngocphilinh

Tiếng Anh cơ bản hoàn thành

Ngày tham gia: 26-08-2019

Bài viết: 4571

• Sổ học bạ: 528
• Điểm thành tích: 910
• Điểm học bạ: 528
๖No comment๖
Gửi lúc: 08:58:52 ngày 14-02-2020
♥ℒℴѵe♥♥♥ℒℴѵe♥♥♥ℒℴѵe♥♥♥ℒℴѵe♥♥♥ℒℴѵe♥♥

Ryn_2k3

Tiếng Anh cơ bản hoàn thành

Ngày tham gia: 01-09-2019

Bài viết: 5475

• Sổ học bạ: 375
• Điểm thành tích: 1053
• Điểm học bạ: 375
hayyyyyyyyyyyyyyyyy
Gửi lúc: 07:23:17 ngày 13-02-2020
#ryndeptraivl

Green_Wind

Tiếng Anh cơ bản hoàn thành

Ngày tham gia: 12-12-2011

Bài viết: 2219

• Sổ học bạ: 597
• Điểm thành tích: 63
• Điểm học bạ: 597
ஜ۩۞۩ஜ/(→ x ◕=)\ || /(◕ x < )\ || / (⁎˃ᆺ˂)\ஜ۩
Gửi lúc: 18:30:46 ngày 27-10-2019
chao moi nguoi

dinhphuongnam_2005

Tiếng Anh cơ bản hoàn thành

Ngày tham gia: 14-08-2017

Bài viết: 2657

• Sổ học bạ: 509
• Điểm thành tích: 632
• Điểm học bạ: 509
- Bài học huyền thoại:)
Gửi lúc: 11:52:51 ngày 04-09-2018
Nam_N.Q.Hải 19 ღღღ
Chỉ tài khoản VIP mới thấy mục này
×