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IMF chief says UK might need to rethink austerity now

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(Globalpost/GlobalPost)

WASHINGTON (Reuters) - The head of the International Monetary Fund said on Friday it might now be time for Britain to consider relaxing its focus on austerity.

Christine Lagarde was asked in an interview with BBC television whether the British government should show more flexibility in its approach to fixing the country's economy.

"We are saying with this medium-term, strong anchoring of fiscal consolidation, the pace has to be adjusted depending on the circumstances and given the weak growth that we have observed lately ... now might be the time to consider," she said.

(Writing by William Schomberg)

http://www.globalpost.com/dispatch/news/thomson-reuters/130419/imf-chief-says-uk-might-need-rethink-austerity-now