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Britain's Economy Contracts More Than Predicted
Keywords:
Tags: Current Focus, Britain,
The Center for Economics and Business Research in London estimates GDP growth for the UK of 0.4% in 2012. According to Britain's Office of National Statistics the UK economy contracted by 0.3% in the fourth quarter of 2011 compared to the third quarter.
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Linked Articles
Britain's Economy Contracts More Than Predicted
New York Times 03/28/2012
Britain's Economy Contracts More Than Predicted
New York Times 03/28/2012
The IMF's view on austerity measures, the "German hypothesis," and the British economy
02/17/2012
The IMF's view is that it could take 5 years before the breakeven point on the effects of austerity measures is reached and it turns positive. The "German hypothesis" based on German experience as an exporting nation is that the benefits come sooner in the short term. For Britain, which is not an exporting nation like Germany, the benefits from exports are likely to be limited when the rest of Europe is'seeing declining or stagnant growth. The IMF view means Britain may be faced with the costs of the Cameron-Osborne austerity measures till 2016.
Linked Articles
Britain's Economy Contracts More Than Predicted
New York Times 03/28/2012
Austerity Debate a Matter of Degree
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Increasing risks of the Cameron-Osborne austerity measures in Britain as growth shrinks in 2012-2013
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Linked Articles
Britain's Economy Contracts More Than Predicted
New York Times 03/28/2012
Britain's Economy Contracts More Than Predicted
New York Times 03/28/2012
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