- By Anton Grillo
- (General Dispatch) – The International Monetary Fund estimates that by 2022 the US and Europe will keep their economies stagnant, unlike the United Kingdom, whose economy is expected to grow despite the tight restrictions.
- According to statistical data from studies carried out by the International Monetary Fund, the UK economy is expected to grow by 5.3% this year and 5.1% by 2022, while the European bloc is expected to grow by 4.4% this year and 3.8% next year.
- The study for the U.S. is not encouraging; the policies imposed by the Biden administration may cause the economy to stagnate from 6.4% this year to 3.5% next year.
- The restrictions that have been applied have severely affected the economies; however the policies that are being implemented may make the change despite the consequences generated by covid-19.
- The British government despite enforcing strict nationwide blockades, keeping Britons in their homes for more than three months, is managing to lift the economy thanks to the immunization campaign.
- “As the vulnerable population gets vaccinated, intensive contact activities are expected to resume and drive a significant pickup in growth thanks to pent-up demand financed by accumulated savings in 2020” the IMF said.
- The IMF had raised the UK to stay in the bloc, because of possible negative changes in its economy, warning of “large contractions in investment and consumption, implying lower output, lower growth and higher domestic prices”.
- On the other hand, they have tried to attribute the success of the immunization campaign by associating it with the independence that the nation adopted; secondly, Chancellor Rishi Sunak said that there are reasons to be optimistic after the lifting of restrictions and the immunization campaign.
Adittional Information:
Breitbart: IMF: Brexit Britain to Outgrow Eurozone and Biden’s America by 2022
IMF Org: Global economy on firmer ground, but with divergent recoveries amid high uncertainty
