Anti-British, anti-Brexit IMF forced to admit the UK will grow fastest for the second year running

Twice a year the International Monetary Fund publishes its highly detailed ‘World Economic Outlook. Yesterday’s release clearly shows Brexit Britain as the fastest-growing economy in the G7 in 2022.

It will also grow faster than the “World average”, as well as growing faster than the average of the group of “Advanced Economies” and the group of “Other Advanced Economies”.

This comes on the back of the results for last year, 2021, when Brexit Britain was the fastest-growing economy in the G7. And all of this comes from the (Paris-based) organisation that has “a mandate to oversee the international monetary and financial system“ and which predicted economic Armageddon if the British people voted for Brexit.

United Kingdom — growth in GDP compared to the other G7 countries

1. IMF forecasts Brexit Britain to grow fastest this year (2022)

• UK GDP growth forecast 2022: 3.6%
• Faster than any other G7 country
• Faster than the “World average”: 3.2%
• Faster than the average of the group of “Advanced Economies”: 2.4%
• Faster than the group of “Other Advanced Economies”: 2.8%

[Source: IMF World Economic Outlook, released Tues 11 Oct 2022.]

2. IMF shows Brexit Britain was the best-performing major economy last year (2021)

• UK GDP growth in 2021: 7.4%
• Faster than any other G7 country
• Faster than the “World average” : 6.0%
• Faster than the average of the group of “Advanced Economies”: 5.2%
• Faster than the group of “Other Advanced Economies”: 5.3%

[Source: IMF World Economic Outlook, released Tues 11 Oct 2022.]

Market Minister, the Rt Hon Sir John Redwood MP, said:

“Good news that the IMF thinks the UK is the fastest growing major economy this year.

“Also good news the IMF rightly thinks inflation will tumble next year. The challenge for the government is to avoid the recessions the IMF thinks will hit some advanced countries next year.”

- The Rt Hon Sir John Redwood MP, Wed 12 Oct 2022

None of this was supposed to happen, according to “the experts”

In early 2016, the IMF was one of many organisations roped in by Prime Minister David Cameron and Chancellor George Osborne to scare British people rigid about what would happen if they voted to leave the European Union.

IMF’s support for Project Fear

Christine Lagarde, the Frenchwoman who was then the President of the IMF and who is now President of the European Central Bank, dutifully obliged the British Government.

The consequences of a Leave vote she said, would range from“pretty bad, to very, very bad.”

The IMF said in a report on the UK economy before the Referendum that a Leave vote could have a “negative and substantial effect”. It had previously said that such an outcome could lead to “severe regional and global damage”.

They added that a Brexit vote would result in a “protracted period of heightened uncertainty” and could result in a sharp rise in interest rates, cause volatility on financial markets, and damage London’s status as a global financial centre.

How has the BBC reported this news about the UK surpassing the world?

Below is a screengrab taken off the BBC’s news website at 4 am this morning.

A blatant lie to fool people into believing we are worse than anyone else in not just Europe but the world

Yet look at this from Germany

The British people can easily be forgiven for thinking that all economic news is bad. This is what they are fed, relentlessly, day in and day out, by the broadcast media and by some journalists in the press along by the

#Labourparty

#SNP

#Greens

#LibDems

Above I have presented the official headline facts from the IMF’s latest World Economic Outlook. In order to reach the maximum number of people, there are two “at-a-glance” charts to illustrate this.

Are all the IMF’s forecasts in its report yesterday good? No. The IMF is heavily invested in the “Brexit Britain bad” narrative. However, this cannot — and should not — deflect from the headline news in their report. Even they can’t hide this.

The thought that “Brexit Britain bad” should perhaps be re-labelled as “Brexit Britain ain’t doing half bad

Sources: International Monetary Fund | BBC report from this morning