Europe's great stimulus plan is little more than political theatre

The IMF has slashed its forecast for 2020 yet again to -12.2pc for France, and -12.5pc for Italy and Spain

 Gita Gopinath, the IMF’s Indian chief economist, drew up these figures after the outlines of the EU’s Next Generation Recovery Plan were already known, so clearly she does not believe the "game-changer" rhetoric.

 Ambrose Evans-Pritchard 8 July 2020



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