IMF urges UK to take further measures to promote growth

IMF headquarters in Washington DC

The International Monetary Fund (IMF) today (July 19) released the results of the 2012 Article IV Consultation with the UK, in which it urged policy-makers to take steps to boost growth.

"Looking ahead, the economy is expected to grow modestly, but with current policy settings the pace will be insufficient to absorb significant slack in the economy, raising the risk of a permanent loss of productive capacity," the staff report said.

The IMF said there was a threat that a sustained negative

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