U.K. GDP slumps for 3rd consecutive quarter - Jul. 25, 2012
"This morning's GDP is little short of a disaster for the UK
economy and a humiliating blow to [finance minister] George Osborne,"
said Richard Driver, analyst for Caxton FX. "The government will surely
have to adjust its austerity stance now and a clearer growth strategy
must be put in place to get Britain back on track."
"We've said the situation would get worse before it gets better," said
Jeremy Cook, chief economist at the foreign exchange company World
First. "Anything worse than this and we are risking depression."
No comments:
Post a Comment