Neil shuts down labour mp after incorrect statement on uk growth
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Christine Lagarde, the IMF’s Managing Director, said current growth was “a bit of disappointment” compared to other countries currently enjoying a period of global turn. Mrs Lagarde was also
quick to defend her position on pre-Brexit gloom and the claim that leaving the European Union would “entail sharp drops in equity and house prices”. In May 2016 Mrs Lagarde backed warnings
from the Bank of England governor Mark Carney that Britain could fall into recession following a Brexit vote. Today's downgrade is being seen as a deliberate pivot on that position
with steady if unremarkable growth and no UK recession in sight. She said: "We feared that if Brexit was decided upon, it would most likely entail a depreciation of sterling, an
increase in inflation, a squeezing in wages and a slowdown and a reduction of investment. "What we are seeing is that that narrative we identified as a potential risk is being rolled
out as we speak."