The IMF has warned that Britain will be the only developed country whose economy will shrink rather than grow this year.
Britain’s growth rate is expected to fall to 10.3% while GDP is expected to fall to 6.0%.
Thus, Britain’s economy will be worse than Russia’s.
It should be noted that yesterday the IMF has approved a 4.7 billion dollar aid loan package for Bangladesh.
476 million dollars will be immediately available to the Bangladesh government through the IMF package.
The Bengali taka has depreciated 25 percent against the dollar since last May, driving up petrol and electricity prices there.
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