Growth forecast cut - again

Go to: Forums > Work & Money: Global Financial Crisis

There are 30 postings to this topic on our Member website and this page runs 7 days behind our Member website. For the full topic click to sign up to OUTeverywhere.

A topic from Work & Money: Global Financial Crisis

laresTue 20/09/11 21:36

"The global economy has entered a "dangerous new phase" of sharply lower growth, according to the International Monetary Fund (IMF). The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession.

The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion". It predicts their GDP will expand "at an anaemic pace of 1.5% in 2011".

The IMF believes global growth will shrink to 4% in 2012, from 5% last year, on factors such as "major financial turbulence in the eurozone"."

"And the UK, the growth forecast for 2011 has also been revised downwards, from 1.5% to 1.1%, while the forecast for 2012 was cut to 1.6%, from 2.3%. "It would be wise for both governments and businesses [in the UK] to develop contingency plans in case such a double dip scenario does emerge," said John Hawksworth, PwC's chief economist."

http://1sq.me/pMKUs8

laresTue 20/09/11 21:37

So, are all the Tories still saying we're in financial trouble 'cause of Brown and Labour?

Are they still saying that cutting back is the right way to go?

Do they also convieniently not count "investement" (That the ConDems cut back the moment they were elected)?

Also, what point is there in the Office of Budgetry Responsibility (and the Bank of England) to rubber stamp what the Chancellor says when they get it so very wrong?

#205227Tue 20/09/11 21:39

In the words of Dad's Army " We Are All Doomed"

There are 27 more postings on this topic on our Member website. For the full topic click to sign up to OUTeverywhere right now.

Enjoy chatting with our members

Click to join and start meeting people today

Imagine joining a social network of people from all around the country and see how you'll feel a year from today. You're increasing your circle of friends. You're doing more of the stuff you enjoy. You're having a great time meeting new people in your area. You're seeing all the benefits of becoming a member of OUTeverywhere. It still feels great making new friends and every day you're hearing more and more about the stuff that everyone's doing. You're joining in. Now, that was easy, wasn't it?

We make meeting people easy. Click to sign up to OUTeverywhere and get up and do something different!

PLEASE NOTE: Events are listed on this website on behalf of organisers in accordance with the Terms of Membership of OUTeverywhere and only if they have chosen broad publicity when adding their event to the Member Events calendar. As such, events are not necessarily affiliated to or endorsed by OUTeverywhere and may not be organised by the person who has listed the event: the person listing this event may simply be attending an event organised by another person or organisation and may wish to meet other people sharing their interest in the event. The mention or appearance of any person or organisation featured on these pages is not to be taken as any indication of sexual, social or political orientation of such persons or organisations. We cannot guarantee that the information is accurate and recommend that you always seek to contact the organiser directly to confirm full details of any event. Under no circumstances will we be responsible for any loss or damage resulting from reliance on, use or misuse of, the information on this website.

Our Vision | Our Team | Privacy Policy | Identity Theft Protection | Terms of Membership

Chat and Meet People

Get access to every profile and loads more pages when you sign up for free to our Member site.

Enter a few key words about what you enjoy, where you live, who you want to meet - search a small sample of OUTeverywhere:

Latest Shout OUT

Broadcast to the gay world with our public Shout OUTs service! Post on our member website or from your mobile phone and raise your profile.

L L (agoodguy) from the Paddington area in United Kingdom shouts OUT: "Hola :-)"

Events Calendar

< May 2012 >
S	M	T	W	T	F	S
		1	2	3	4	5
6	7	8	9	10	11	12
13	14	15	16	17	18	19
20	21	22	23	24	25	26
27	28	29	30	31

This Topic's Tags

Members tag topics with key words to help us find similar topics.