Hey there! Sign in to join this conversationNew here? Join for free
Turn on thread page Beta

IMF say there won't be a recession after all watch

    • Political Ambassador
    • Thread Starter
    Online

    21
    ReputationRep:
    Political Ambassador
    But a week before the referendum the IMF was suggesting that there would be a recession next year if we were to vote to leave, whereas today they have turned almost 180 on this and merely said that growth will be weaker, but still 1.5% this year and 1.3% next year.

    It is also the largest cut for any major economy as a result of the referendum result, but still gives higher growth forecasts than both France and Germany.
    Offline

    1
    ReputationRep:
    Still not convinced that Brexit was a sensible idea.
    Offline

    20
    ReputationRep:
    There would have been no damage to the economy if Britain had not left.
    Offline

    2
    ReputationRep:
    EU bye bye. We don't need manipulative schemes to run more and more parts of our country's government and affairs.
    Offline

    21
    ReputationRep:
    I did laugh when I saw we were downgraded by 0.2% this year.

    Disaster lol


    Posted from TSR Mobile
    Offline

    19
    ReputationRep:
    If there's a recession, we will know it's nothing to do with Brexit, it's to do with the Conservative party's economic policies...what will they look to blame it on?
    • Political Ambassador
    • Thread Starter
    Online

    21
    ReputationRep:
    Political Ambassador
    (Original post by MagicNMedicine)
    If there's a recession, we will know it's nothing to do with Brexit, it's to do with the Conservative party's economic policies...what will they look to blame it on?
    Riiiight, so suddenly growth falls nearly 1pc per quarter because of nothing...

    Posted from TSR Mobile
    Offline

    19
    ReputationRep:
    (Original post by Jammy Duel)
    Riiiight, so suddenly growth falls nearly 1pc per quarter because of nothing...
    Because of Conservative mismanagement of the economy: its on their watch, they take responsibility.

    To try to blame the British people for exercising their democratic choice would be a disgrace.
    Offline

    19
    ReputationRep:
    Britain has not left yet. I'd wait until then before making any assessments.

    Posted from TSR Mobile
    Offline

    21
    ReputationRep:
    (Original post by Jammy Duel)
    But a week before the referendum the IMF was suggesting that there would be a recession next year if we were to vote to leave, whereas today they have turned almost 180 on this and merely said that growth will be weaker, but still 1.5% this year and 1.3% next year.

    It is also the largest cut for any major economy as a result of the referendum result, but still gives higher growth forecasts than both France and Germany.
    The IMF were actually pretty reasonable and never forecast recession in their analysis pre-Brexit, they simply asserted it was a lower bound possibility. Certainly they've upticked though.

    Frankly i find their Chinese growth forecasts more concerning, down to 6.3% and that's even before they've knocked off the usual 0.5% as we get closer.
    • Political Ambassador
    • Thread Starter
    Online

    21
    ReputationRep:
    Political Ambassador
    (Original post by MagicNMedicine)
    Because of Conservative mismanagement of the economy: its on their watch, they take responsibility.

    To try to blame the British people for exercising their democratic choice would be a disgrace.
    You're not quite explaining why the policy itself is causing such a massive drop, to say brexit had nothing to do with slowdown or recession is ludicrous when there are cases of lesser investment and people are stupidly going to be less economically active because they expect a slowdown.

    Posted from TSR Mobile
    • Political Ambassador
    • Thread Starter
    Online

    21
    ReputationRep:
    Political Ambassador
    (Original post by *Stefan*)
    Britain has not left yet. I'd wait until then before making any assessments.

    Posted from TSR Mobile
    And when projections are still wrong then and there still hasn't been recession, when is the next point we have to wait for?

    Posted from TSR Mobile
    Offline

    18
    ReputationRep:
    should be called irritating mother ****ers
    Offline

    16
    ReputationRep:
    Probably because Brexit meant Brexit then, with hard Leavers like Gove, Johnson looking like they would take power. But nowadays Brexit means whatever Theresa May wants it to mean. And most people think she will either engineer it so we remain or go EEA.
    Offline

    11
    ReputationRep:
    (Original post by neal95)
    should be called irritating mother ****ers

    :lol:
    Offline

    21
    ReputationRep:
    (Original post by scrotgrot)
    Probably because Brexit meant Brexit then, with hard Leavers like Gove, Johnson looking like they would take power. But nowadays Brexit means whatever Theresa May wants it to mean. And most people think she will either engineer it so we remain or go EEA.
    Boris.. hard leaver.

    You troll, you.
    • Political Ambassador
    • Thread Starter
    Online

    21
    ReputationRep:
    Political Ambassador
    (Original post by scrotgrot)
    Probably because Brexit meant Brexit then, with hard Leavers like Gove, Johnson looking like they would take power. But nowadays Brexit means whatever Theresa May wants it to mean. And most people think she will either engineer it so we remain or go EEA.
    Do only those in denial count as people now, and since when did think mean hope?

    Posted from TSR Mobile
    Offline

    14
    ReputationRep:
    (Original post by Jammy Duel)
    But a week before the referendum the IMF was suggesting that there would be a recession next year if we were to vote to leave, whereas today they have turned almost 180 on this and merely said that growth will be weaker, but still 1.5% this year and 1.3% next year.

    It is also the largest cut for any major economy as a result of the referendum result, but still gives higher growth forecasts than both France and Germany.
    Maybe I'm just an idiot, but weren't they predicting a recession... when we leave the EU? We haven't even invoked Article 50 yet, and it's looking more and more unlikely that we ever actually will, hence the market recovery.
    Offline

    15
    ReputationRep:
    Ah, Economists.
    Offline

    18
    ReputationRep:
    The same experts who didn't predict the 2008 recession?
 
 
 
Poll
“Yanny” or “Laurel”
Useful resources

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.