Fiscal tightening is endangering global recovery says UN organisation

The Trade and Development Report 2011: Post-Crisis Policy Challenges in the World Economy, released yesterday by the United Nations Conference on Trade and Development (UNCTAD), argues that a shift from fiscal stimulus towards fiscal tightening is self-defeating, especially in the most developed economies which were severely hit by the financial crisis. In such a situation, a restrictive fiscal policy may … Continue reading

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Shock figures on UK economic growth

UK GDP actually fell by 0.5% in the fourth quarter of 2010, according to figures just released by the Office for National Statistics. This figure has come as a complete shock to economics observers, with most analysts predicting a growth figure of between 0.2% and 0.7%. Since the recovery started in the final quarter of 2009, we have seen four … Continue reading

Posted by Nigel Tree | Comments Off on Shock figures on UK economic growth