fully refreshed and raring to go. Rates seem to be improving in the open market despite the news today that the UK appears to be lurching into recession with growth projected to be 0%. There is always a lag effect in the financial markets and we will have to see how the Governement reacts to the combination of increasing inflation and decreasing growth of the economy.
Friday, August 22, 2008
Friday, August 1, 2008
THe International Monetary Fund has said it believes the UK will dodge recession and that global growth will slow further during the second half of 2008 but recover gradually in 2009. They say that the slowdown in growth will be refected globally with corresponding pressures on inflation.
‘The global economy is in a tough spot, caught between sharply slowing demand in many advanced economies and rising inflation everywhere, notably in emerging and developing economies’ the IMF World Economic Outlook reports.
So, good times for us in the UK, let’s hope this comes true and we can all have a great rest of 2008 and 2009!