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Economic Growth to come down to 1.8% in 2008

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Economic Growth to come down to 1.8% in 2008

Written by Bernard Kayden
Saturday, 03 May 2008
A distinguished think-tank has fore-casted that, in the face of the consumers reigning-in their buying instincts, the economy is expected to slow down markedly this rear.<br><br> London(Online-unsecured-loans) May 3, 2008: As per the findings of the National Institute of Economic and Social Research, the rate of growth in the British economy is expected to fall to 1.8% this year from the previous year's figure of 3.0%. The reliable sources have said that the reason for this slow down is fast decline in the 'consumer spending growth rate', which has fallen to 1.2% this year from the previous year figure of 3.1%. "Private consumption will slow to a crawl this year and next," sources at the NIESR explained. "The UK economy has perhaps reached its most precarious position in over a decade because of global financial market developments," the premiere research institute further added. The government too is visibly readying itself for a growth in the vicinity of 2% figure. The research institutes's findings are closely echoed by International Monetary Fund and a private group of reputed economists which have predicted the economy to grow at 1.6% and 1.7% respectively. According to NIESR the economic climbdown and the demand revaluation from consumption to exports is expected to hurt the public finances. For additional information on the news that is the subject of this release ( or for a sample copy or demo) contact webmaster or visit http://www.online-unsecured-loans.co.uk/ Bookmark with: Delicious Digg reddit Facebook StumbleUpon What are these?

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