IMF: Britian´s economy growing

IMF 'clowns' forced to admit Britain’s economy is GROWING despite predicting Brexit doom.

BUNGLING International Monetary Fund officials have claimed Britain’s economy will grow faster than Germany’s and France’s just weeks after warning Brexit would have a “severe” impact on the economy.

Officials are facing a humiliating climbdown after claiming Britain would face a recession if the country opted to leave the European Union. But now the IMF expects the British economy to grow by 1.7 per cent this year and 1.3 per cent in 2017.

The forecast puts the UK’s economy as the second-fastest growing economy in 2016 among the G7 industrialised nations, second only to the US.

The embarrassing backtrack by the financial watchdog comes after a string of anti-Brexit stories prior to the historic referendum last month. IMF managing director Christine Lagarde, said Brexit would be “very very bad” for Britain but latest forecasts now suggest otherwise. Mrs Lagarde was forced to backtrack in 2013 after the IMF predicted the UK was “playing with fire” for implementing austerity measures, only to see the UK economy shoot up as a result of the measures. She later admitted the IMF “got it wrong” over its forecast.