The International Monetary Fundunderestimated the strength of the U.K. economy when warning against the government’s austerity program, Managing Director Christine Lagarde said.
“We got it wrong,” Lagarde told the “Andrew Marr Show” on BBC Televisionyesterday. “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 after 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.
Read more at: bloomberg.com
Silva Trading EN 
Great post, really enjoyed.
Post very interesting and with important info. Really enjoyed it
Lately of the IMF gets it right then it’s a surprise
if* the IMF
IMF is on a roll they blunder it astronomically in exactly the matters they are mandated to know about
It is true that the comments by these officials have to be the most accurate as possible, because they do affect the markets.