IMF Seeks New Course as Osborne Defends Austerity

May 8 (Bloomberg) -- The IMF has had a change of heart after earlier praising U.K. austerity measures and seeks a new course for the economy as U.K. Chancellor of the Exchequer George Osborne braces for a battle with managing director Christine Lagarde. Bloomberg's Jessica Howard reports.
Why Inflation Isn't Coming Back Anytime Soon
11:31 - UBS Chairman Axel Weber discusses central banks policies, markets and the economy. He speaks on "Bloomberg Markets." (Source: Bloomberg)
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