UK – Big Trouble Ahead
8 April 2009
The recession’s effects is circling the globe and people are feeling the pinch, nut what about the countries who have been blamed for the whole mess in the first place. Two of the richest countries in the world, the US and UK are both feeling the effects pf the recession with both suffering in terms of economic growth. Billions or even trillions of dollars have been released from government coffers but it just seems to be not enough to salvage the economy which is almost at a standstill.
One interesting fact, as it turns out the UK is in a bigger mess than the US when it comes to the real estate market for people in Britain owe banks more than Americans do. They are also not getting the rate cuts the US’s Federal Banks have been doing so for the past few years to compensate for the economic performance which continues to go down. There are some positive sides to the whole picture but they are too small and are so easily overcome by the negative news that comes out, as evidenton the headlines we see everyday.
Sorry, the comment form is closed at this time.
