Thursday, Sep 03, 2009

"We have sound fundamentals"

SKY: Britain 'To Be Slowest Out Of Recession'

"Britain will trail behind other major economies in coming out of recession, a prominent international think tank has warned. The Organisation for Economic Co-operation and Development said the UK economy would shrink by 4.7% this year". And the French economy is expected to contract by 2.1% - down from the 3% the OECD expected three months ago. Meanwhile, the European Central Bank said on Thursday it was keeping its interest rate at an historic low of 1%.

Posted by alan @ 08:30 PM (239 views) Add Comment

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