Whatever the statists touch, turns to shit: Lagarde admits IMF makes bad predictions

The International Monetary Fund underestimated the strength of the U.K. economy when warning against the government’s austerity program, Managing Director Christine Lagarde said.

Whatever the statists touch, turns to shit: Lagarde admits IMF makes bad predictions I4NRbYc.6vfM

Whatever the statists touch, turns to shit: Lagarde admits IMF makes bad predictions I4NRbYc.6vfM

“We got it wrong,” Lagarde told the “Andrew Marr Show” on BBC Television today. “We acknowledged it. Clearly the confidence building that has resulted from the economic policies adopted by the government has surprised many of us.”

A year since the IMF’s chief economist, Oliver Blanchard, said U.K. budget cutting risked “playing with fire,” the Washington-based lender said in April the U.K. economy will grow 2.9 percent this year, the fastest pace among the Group of Seven nations.

http://www.bloomberg.com/news/2014-06-08/lagarde-says-imf-got-it-wrong-on-rallying-u-k-economy.html

Whatever the statists touch, turns to shit: Lagarde admits IMF makes bad predictions

Whatever the statists touch, turns to shit: Lagarde admits IMF makes bad predictions

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