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| The IMF has downgraded its forecast for UK growth, again. As I have mentioned before, their forecasts are generally overoptimistic: a lesser body might just tumble to the fact that their prescriptions make matters worse, but not they: Their latest offering admits a worsening outlook for financial stability and then recommends more of the same policy which is not working. Why do we pay these peoplel? http://blog-imfdirect.imf.org/2012/07/17/r...-action-needed/
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