Scenarios for the UK economy

Blog from the IMF setting out possible scenarios for the UK economy. They think that a gradual recovery is most likely, but call for nimble policy responses if that doesn't happen: Economy

They anticipate a gradual acceleration of growth to 2.5 per cent which would be good if it happened, although I am less sanguine than them about productivity. It's also worth noting that two of their scenarios refer to high inflaton which is what is really squeezing incomes rather than austerity.