Tuesday 25 January 2011

Are we going for the double dip recession?

I don't think David Cameron and George Osborne will be happy bunnies with today's
disappointing quarterly GDP's figures. I suppose blaming the bad weather is a pretty lame excuse. With a limited manufacturing sector it would always be a big ask. The 0.5 pct fall in GDP joins the shocking inflation figures with economic commentators saying the Bank of England has lost the plot. The British central bank is certainly behind the curve and can only keep its fingers crossed.

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