Quote:
Originally Posted by Blazed
UK economy is booming the U.S problems are not really damaging it. The rest of europe is being hit harder but not nearly every country..
|
The Bank of England will warn today that credit markets have "deteriorated again" and that there is a serious danger of further writedowns by the banks, with the difficulty of securitising loans and mortgages posing a particular problem for the property market and the economy as a whole
...
Darling slashed the GDP growth forecast for 2008 to 1.75-2.25 pct from the 2.00-2.50 pct he had stated in the pre-budget report in October, which in turn had been revised down from 2.5-3.0 pct previously.
The downgrade brings the Treasury closer in line with the Bank of England, which last month forecast GDP growth will dip to 1.75 pct this year.