Money International Monetary Funds: Higher growth as expected
Brexit LIVE: Prawn row erupts as EU 'steals UK market' - Scottish fishermen raise alarm
SCOTTISH fishermen have attacked the EU after European fleets have violated conservation rules in UK waters.Guernsey has allowed French boats to plunder waters around the coast of the British Crown Dependency while they hold crunch talks with the EU and France over fishing rights.
of the International Monetary Funds predicts a stronger economic recovery for this and next year than expected.
The new global forecasts are 6% growth in current and 4.4% next year. Growth drivers will be the US and China, the eurozone lags after a slump of more than 6.5% afterwards.
Euronews business editor Sascha Vakulina in conversation with Petya Koeva Brooks, Deputy Director of the Research Department at the IMF.
euronews: The growth rate in the eurozone this year will not make up for the losses of 2020. What is this? And how can the fiscal and monetary policy support in the eurozone when vaccination remains so low?
House price growth slowed this month, Nationwide says
Property price growth slowed slightly in the last month amid a 'softening' of demand ahead of the original end of the stamp duty holiday. The annual pace of growth slid from 6.9 to 5.7 per cent, according to the latest Nationwide index, marking the slowest 12 month rise since September 2020.The average cost of a home was £232,134 in March, up from £231,068 in February, according to Britain's biggest mutual. In June 2020, annual price growth slipped into negative territory thanks to the original lockdown.
Petya Koeva Brooks, IMF: We expect the eurozone as a whole the pre-crisis level again in the first half of 2022, with some differences between the countries. Germany and France earlier, then Spain and others only 2022. Of course, the vaccine pace is a factor that can make a difference.
Euronews: The economies have shown more flexible and faster in the second half of 2020. How did the pandemic influence this flexibility, this adaptability? And maybe help in future crises?
Petya Koeva Brooks, IMF: It is difficult to talk about a silver stripping, in the middle of the pandemic. But what we have seen is a flexibility and adaptation, which we did not expect openly. When we made the forecasts for the last quarter of 2020 six months ago, when this new wave was about Lockdowns, because we have expected much greater impact. People have simply learned in many ways how to work despite the crisis.
IMF says UK economy will rebound FASTER than predicted thanks to jabs .
The International Monetary Fund raised its forecast for British economic growth, which is set to outpace the euro zone this year, from 4.5 per cent to 5.3 per cent. It cited the country's fast Covid-19 vaccination programme and a latest round of stimulus by the government, including the furlough scheme. Britain has suffered Europe's highest coronavirus death toll and its economy shrank by almost 10 per cent last year, the worst performance among the region's big economies except for Spain.But it has moved more quickly than almost all other countries with its coronavirus vaccination programme.