Shrinking Economy

The econmoy shrunk by 0.5% in the third quarter of 2008. Two consecutive quarters of negative growth means we will officially be in a recession which now seems inevitable. The pound is trading 5% lower at $1.54 and FTSE is down 5.7% at 3854.88. There would be no more boom and bust Brown told us. The bust has just started.

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One Response to Shrinking Economy

  1. […] months will know that it’s value has already dropped substantially as I have mentioned here and here. In addition George Osborne justifiably accuses Brown of pursuing a scorched earth policy […]

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