How Convenient!

IMF upgrades UK economic forecast

According to Sky News:

The International Monetary Fund (IMF) has upgraded its projection for UK growth this year by 0.4% to 1.1% - the largest upward revision for any advanced economy.

In a boost to Chancellor Rachel Reeves as she prepares to travel to Washington for the IMF's annual meeting this week, its latest world economic outlook predicts strengthening growth as "falling inflation and interest rates" stimulate demand.

The IMF's improved view of UK performance is a significant increase on its July projection of 0.7% growth this year, and up by 0.6% from its April assessment.

How convenient as the Church Lady might say, given the first UK budget from the newly elected Labour Party next week.

Inflation is one of these tinkerbell numbers that seems to have little relevance to the real world where it appears to be much, much higher to ordinary consumers and falling interest reduces payouts on savings that can be spent in the economy while inciting more debt, which of course is the real business of the IMF.

It should be renamed The Circumlocution Office.

Dickens would have been on their case for sure.

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