Daily Archives: May 22, 2013

Chris Giles

In April, the International Monetary Fund positioned itself to go head-to-head with the UK government over its fiscal stance. The fund said it wanted Britain to consider slowing deficit reduction and Olivier Blanchard, its chief economist, said the country was “playing with fire”.

A month later, the considered view of the IMF is much more nuanced. Here are the five things you need to know about the fund’s retreat.