UK growth prospects
I find it rather strange that the press, in particularly the Tory press, hasn't made more the IMF's truly awful economic outlook for the UK updated yesterday. The Fund now predicts UK growth will slump to negative 1.3% in 2009, from its previous forecast of negative 0.1%. This is mainly, however, due to the collapse in 2008 growth, Q4 to Q4 GDP change in 2009 will be negative 0.5%, better than 2008's Q4 to Q4 change of 0.9%.It might possibly be related to the collapse in George Osborne's popularity, at least measured in certain ways.
Labels: Economcs
posted by Matthew @ 11/07/2008 10:51:00 AM
Comments: 2
