IMF Forecasts in Context
Yesterday the IMF had some ‘good news’ for the UK has it upgraded it’s forecast for 2013 growth.
The chart below puts the good news into context by showing the IMF’s forecast fro 2013 growth in the UK since early 2012.
The current forecast is still belwo that made in january and less than half as much as those made in April 2012. Forgive me for not getting too excited. As they say on Twitter, “#lowexpectations”.