Dr Doom returns

posted by Edward Jones

Dr Doom returns this week with the news of slashed growth forecasts

Seen it all before? Indeed you have. This time the IMF predicts the UK economy will grow not by 1.7 % as previously forecast in April, but 1.1 %.

Next year the IMF predicts our economy will grow 1.6 % revised down from 2.3 %.

Dr Doom points out that the plan for growth is not really delivering what it promises. We can only hope rumours of a ‘plan B’ by any other name is forthcoming.

This in the same week Italy’s credit rating was downgraded from A+ to A by S&P.

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