Covid vaccine hopes lift IMF's global growth forecast
26/01/2021 | news | business | 26
The IMF raises its economic growth estimate on expectations that vaccines will allow activity to recover.
1
26/01/2021 15:20:52 10 3
bbc
I calculated a 10% contraction in the UK economy last spring to howls of denial from government supporters. The markets have now factored this in.

There is a need for a new economic policy in the UK post-Brexit but we have seen nothing of it. This is perplexing.

Current circumstances show that we need to inshore far more manufacturing. Buying cheap from elsewhere is not a measure of success.
2
26/01/2021 15:26:45 11 0
bbc
A longer term view on how were going to skill up, be more productive and grow our manufacturing sector is indeed needed. I look across at Germany with their Mittelstand companies that drive their economy and play their part in communities as good example to follow and can't see any reason why we cannot also do this in the medium term.
3
26/01/2021 15:35:40 4 0
bbc
Nothing will change - we are addicted to ponzi schemes economically - too much short term pain to get ourselves off this drug.
1
26/01/2021 15:20:52 10 3
bbc
I calculated a 10% contraction in the UK economy last spring to howls of denial from government supporters. The markets have now factored this in.

There is a need for a new economic policy in the UK post-Brexit but we have seen nothing of it. This is perplexing.

Current circumstances show that we need to inshore far more manufacturing. Buying cheap from elsewhere is not a measure of success.
2
26/01/2021 15:26:45 11 0
bbc
A longer term view on how were going to skill up, be more productive and grow our manufacturing sector is indeed needed. I look across at Germany with their Mittelstand companies that drive their economy and play their part in communities as good example to follow and can't see any reason why we cannot also do this in the medium term.
11
26/01/2021 16:33:16 1 1
bbc
German companies export hugely and they are in the EU,UK has deprived itself of being able to do that and the govt is actually telling struggling companies to move there.Couldnt make it up if you tried.
1
26/01/2021 15:20:52 10 3
bbc
I calculated a 10% contraction in the UK economy last spring to howls of denial from government supporters. The markets have now factored this in.

There is a need for a new economic policy in the UK post-Brexit but we have seen nothing of it. This is perplexing.

Current circumstances show that we need to inshore far more manufacturing. Buying cheap from elsewhere is not a measure of success.
3
26/01/2021 15:35:40 4 0
bbc
Nothing will change - we are addicted to ponzi schemes economically - too much short term pain to get ourselves off this drug.
4
26/01/2021 15:45:04 8 13
bbc
Britain's Covid recession is one of the worst in the world.

The Tories LOVE recessions, as it provides an opportunity to depress wages, at the request of their corporate party donors.
5
26/01/2021 15:45:57 8 8
bbc
BUY BRITISH
9
26/01/2021 16:25:49 5 4
bbc
I want an andoid phone,a truck capable of pulling 44 tonne,a 55 seater bus,12 bottles of decent wine a week,a bunch of bananas a week.Can you help me?
15
26/01/2021 17:19:14 2 1
bbc
I would if I could find it.
6
26/01/2021 15:47:23 2 8
bbc
IMF forecasts are a joke. UK to have 4.5% growth!? What is that based on? The UK is struggling to contain the epidemic. Not stimulating the economy enough for a strong recovery (tax rises in 2021). And Brexit!
13
26/01/2021 17:15:20 2 0
bbc
well given we are starting from a lower point because of the hit to the economy 4.5% 'rebound' is not necessarily a 'joke'
UK will struggle more than their similar sized counterparts due to brexit damage.Cheers 17.4 million th+c?ies. Removed
8
26/01/2021 16:23:48 0 1
bbc
Interesting that both UK and EU will take till 2022 to recover (and the EU does have lots of manufacturing). But the US with their terrible lockdown lite Cov response will get back this year.

I wonder if our respective covid responses have any bearing?

Whichever it's good news for President Biden.
14
26/01/2021 17:16:41 3 0
bbc
The US job losses were harsh, But they got given plenty of money. So most started their own thing. They are now more ready for the new economy. In the UK we have people trapped on Furlough we are supporting Zombie firm that will fold after support is withdrawn. US handled the Economic side of things better than UK. Public health side is a matter for debate either are a shining light.
5
26/01/2021 15:45:57 8 8
bbc
BUY BRITISH
9
26/01/2021 16:25:49 5 4
bbc
I want an andoid phone,a truck capable of pulling 44 tonne,a 55 seater bus,12 bottles of decent wine a week,a bunch of bananas a week.Can you help me?
10
26/01/2021 16:29:22 2 4
bbc
One thing you can guarantee is that any forecast by an economist is invariably wrong.
2
26/01/2021 15:26:45 11 0
bbc
A longer term view on how were going to skill up, be more productive and grow our manufacturing sector is indeed needed. I look across at Germany with their Mittelstand companies that drive their economy and play their part in communities as good example to follow and can't see any reason why we cannot also do this in the medium term.
11
26/01/2021 16:33:16 1 1
bbc
German companies export hugely and they are in the EU,UK has deprived itself of being able to do that and the govt is actually telling struggling companies to move there.Couldnt make it up if you tried.
12
26/01/2021 16:43:01 5 4
bbc
An Economist is an expert who will know tomorrow ...Why the things he predicted yesterday didn't happen.....today!!
6
26/01/2021 15:47:23 2 8
bbc
IMF forecasts are a joke. UK to have 4.5% growth!? What is that based on? The UK is struggling to contain the epidemic. Not stimulating the economy enough for a strong recovery (tax rises in 2021). And Brexit!
13
26/01/2021 17:15:20 2 0
bbc
well given we are starting from a lower point because of the hit to the economy 4.5% 'rebound' is not necessarily a 'joke'
8
26/01/2021 16:23:48 0 1
bbc
Interesting that both UK and EU will take till 2022 to recover (and the EU does have lots of manufacturing). But the US with their terrible lockdown lite Cov response will get back this year.

I wonder if our respective covid responses have any bearing?

Whichever it's good news for President Biden.
14
26/01/2021 17:16:41 3 0
bbc
The US job losses were harsh, But they got given plenty of money. So most started their own thing. They are now more ready for the new economy. In the UK we have people trapped on Furlough we are supporting Zombie firm that will fold after support is withdrawn. US handled the Economic side of things better than UK. Public health side is a matter for debate either are a shining light.
5
26/01/2021 15:45:57 8 8
bbc
BUY BRITISH
15
26/01/2021 17:19:14 2 1
bbc
I would if I could find it.
16
26/01/2021 17:19:44 2 2
bbc
Nice to see a headline that gives a fact and the reason to validate that fact without the use of emotive words like, soaring, slumping, crashing.
17
26/01/2021 17:20:42 4 3
bbc
So the IMF have come out with a new forecast to replace their last forecast, and will revise last year's incorrect forecast now they have the actual data.

You couldn't make this up.......
18
26/01/2021 20:36:40 2 1
bbc
why are greedy people obsessed with growth? so they can fill their pockets and have power. growth equals destruction - as we have witnessed in the last 150 years. take your cruise ships around the planet for people to pollute other environments. build bigger skyscrapers but the ingredients are raped from the planet resources. stop means stop, however the greedy will not listen.
19
26/01/2021 20:40:01 5 0
bbc
What is the point of forecasts in the middle of a pandemic. I can guarantee one thing and that is all these forecasts will be wrong
24
27/01/2021 08:16:08 0 0
bbc
Businesses have to try and forecast to plan so they have to try. However some kind of health warning on the margin of error would be helpful.
26
27/01/2021 18:01:33 0 0
bbc
Exactly. It was estimated that there would be 250k UK deaths & we are nowhere near that. Lies, Damned Lies & Statistics. Until the producer countries like Bangladesh get vaccinated we in the UK won't be returning to work as there won't be any shirts to buy to wear to the office. To misquote Bob Geldof 'Vaccinate the World'
20
26/01/2021 21:17:54 5 3
bbc
I would like to see an article analysing how accurate these forecasts have proven to be in the past - if, as I suspect, the answer is 'not very' then they are simply not newsworthy.
21
26/01/2021 21:48:00 5 2
bbc
If the EU carries on with it disastrous vaccination program we can all guess what the EUs growth rate will be...a big fat zero
22
27/01/2021 00:12:45 3 1
bbc
Why is there no HYS on this site for the article criticsing the EU's vaccination programme and its slowness? Because the article shows the EU in a bad light?
23
27/01/2021 08:05:39 2 0
bbc
Until we start to crawl from the wreckage around June these are really educated guesses at best rather than forecasts.
19
26/01/2021 20:40:01 5 0
bbc
What is the point of forecasts in the middle of a pandemic. I can guarantee one thing and that is all these forecasts will be wrong
24
27/01/2021 08:16:08 0 0
bbc
Businesses have to try and forecast to plan so they have to try. However some kind of health warning on the margin of error would be helpful.
25
27/01/2021 09:06:10 1 0
bbc
The economy is going to pick up after a pandemic you say? Genius.

In other news, bears do their business in the woods.
19
26/01/2021 20:40:01 5 0
bbc
What is the point of forecasts in the middle of a pandemic. I can guarantee one thing and that is all these forecasts will be wrong
26
27/01/2021 18:01:33 0 0
bbc
Exactly. It was estimated that there would be 250k UK deaths & we are nowhere near that. Lies, Damned Lies & Statistics. Until the producer countries like Bangladesh get vaccinated we in the UK won't be returning to work as there won't be any shirts to buy to wear to the office. To misquote Bob Geldof 'Vaccinate the World'