Thursday, Aug 28, 2008
A Dose of Reality at Last?
Times Online: Deepening recession may throw Britain into full-year GDP fall
"Britain's economy is set to shrink over the next year as a deepening recession inflicts the first full-year fall in national income since 1991, a leading forecasting group predicts today." .......................... "The Chancellor is expected to bow to the inevitable in the autumn and downgrade drastically his present forecast that the economy will grow by at least 2.25 per cent next year."
Posted by renting2 @ 10:25 AM (564 views) Add Comment
3 Comments
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1. harold said...
This should do wonders for the crime stats... not.
2. japanese uncle said...
A full year recession. How optimistic! How naive!
3. Pundit said...
Question: When does a recession become a depression?
Answer: Q3 2009.