Economist Roubini believes Truss’s policy will lead to the need to ask for help from the IMF

New York University economics professor Nouriel Roubini said on Twitter that the economic policy of the new British Prime Minister Liz Truss will lead to the need to ask for help from the International Monetary Fund.

“The UK is starting to have an appreciation as an emerging market. We go back to the 1970s. Stagflation will eventually make it necessary to go and ask for emergency IMF assistance . Truss and her cabinet are incompetent,” Roubini writes.

He pointed to a significant amount of lost profits due to tax cuts – £ 45 billion, or 1.8% of GDP.

British Defense Secretary Wallace said earlier that defense spending would increase to £100bn.

The lawyer warned about the “pitfalls” in the credit installments

The lawyer warned about the “pitfalls” in the credit installments

The lawyer warned about the “pitfalls” in the credit installments

The lawyer warned about the “pitfalls” in the credit installments


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He added that the new British Prime Minister Liz Truss intends to fulfill the campaign promise and increase defense spending to 3% of GDP.

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