UK Economic Downturn “Worst In 60 Years”
August 30, 2008
The UK chancellor responsible for economic matters in the UK has indicated that the current economic downturn in the UK is the worst the country has faced in 60 years. The article touching on details and other thoughts of Alistair Darling, the chancellor, can be read here in the Guardian.
Read More >>Bank of England Indicates Britain Headed into Recession
August 13, 2008
The governor of the Bank of England stated yesterday that “It’s bound to be the case that there is the possibility of a quarter or two of negative growth”. That would qualify as a recession, though that word is not used. Following on Japan’s release of numbers which showed contraction in their economy, it is [...]
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