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Britain will escape with shallower recession than rivals
The world is facing the "deepest and most synchronised recession in our lifetimes" but Britain will escape with one of the shallowest recessions in the rich world, the OECD, the West's leading economic institution has said.
It said the US, Japan, Germany and Italy would all shrink faster than Britain this year.
http://www.telegraph.co.uk/finance/financetopi cs/g20-summit/5082004/Britain-will-escape-with -with-shallower-recession-than-rivals-OECD-pre dicts.html
Good news, can Brown's 'packages to help the economy' be working?
It said the US, Japan, Germany and Italy would all shrink faster than Britain this year.
http://www.telegraph.co.uk/finance/financetopi cs/g20-summit/5082004/Britain-will-escape-with -with-shallower-recession-than-rivals-OECD-pre dicts.html
Good news, can Brown's 'packages to help the economy' be working?
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No best answer has yet been selected by Gromit. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Don't forget Spain. They're allready further down the tubes than we are.
The UK economy has long been much more flexible than its European counterparts - I've cited reports by the Economist before predicting sharper short-term rises in unemployment , for instance, but they'll also most certainly be briefer. Like in the last recession, France and Germany will probably be stagnating for longer.
As Gromit says, there's also the effects of the govt's stimulus package that helps limit the damage.
The UK economy has long been much more flexible than its European counterparts - I've cited reports by the Economist before predicting sharper short-term rises in unemployment , for instance, but they'll also most certainly be briefer. Like in the last recession, France and Germany will probably be stagnating for longer.
As Gromit says, there's also the effects of the govt's stimulus package that helps limit the damage.
schutz....I am no expert, but the borrowings are astronomical and will tkae decades to pay off.
This can only be done by increasing taxes on the middle classes and the pivate sector.
Public sector workers will be protected as will the mega rich. whichever party gets in at the next election
It will be the Conservatives, but would you like to be in Cameron's shoes?
What really p1sses me off, is that when New labour came into power, the announsed that they were going to be "Whiter than white"........what a joke.
This can only be done by increasing taxes on the middle classes and the pivate sector.
Public sector workers will be protected as will the mega rich. whichever party gets in at the next election
It will be the Conservatives, but would you like to be in Cameron's shoes?
What really p1sses me off, is that when New labour came into power, the announsed that they were going to be "Whiter than white"........what a joke.
The OECD don't normally do the UK Government any favours, and the link above is pretty critical of the Government's past failures. However, this latest prediction is markedly different from 6 months ago, before Brown's stimulus plans, when they were saying...
OECD says UK is worst placed in G7 to withstand global downturn
http://www.independent.co.uk/news/business/new s/oecd-says-uk-is-worst-placed-in-g7-to-withst and-global-downturn-917276.html
OECD says UK is worst placed in G7 to withstand global downturn
http://www.independent.co.uk/news/business/new s/oecd-says-uk-is-worst-placed-in-g7-to-withst and-global-downturn-917276.html
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