Increase public spending to tackle Covid second wave, IMF tells UK
Institution tells Britain to forget rising debt and spend to protect jobs and companies
Britain should increase spending to tackle the second wave of the Covid-19 pandemic without worrying about its growing debt levels, the International Monetary Fund has said.
In its six-monthly health check of the UK economy, the Washington-based organisation warned on Thursday that the UK faced a difficult winter that was likely to depress economic growth and increase the number of jobs lost, especially among those with few skills.
Related: Why you shouldn't fall for the panic about Britain's public debt | Daniela Gabor
Born in Sofia, Bulgaria in 1953, Kristalina Georgieva is the first eastern European to head the International Monetary Fund (IMF). She studied economics, political economy and sociology in Sofia, and has additionally studied at LSE and MIT. She held a range of academic positions before going into the world of finance.
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