Friday, April 27, 2007
US growth slows to 1.3%
Posted by David Smith at 01:45 PM
Category: Thoughts and responses

US growth figures are volatile and prone to revision but today's numbers were weaker than expected, with just a 1.3% annualised expansion in the first quarter, after 2.5% in the fourth quarter of 2006. A detailed report is here. There's also speculation that worries over the Spanish housing market could be a constraint on interest rate rises by the European Central Bank.


Reckon the US could be heading for a recession? And could this be a prelude to what's going to happen to the UK?

It seems like the global property boom and credit expansion is now on the slipper slope and it seems hard to see how the UK can avoid it.

Posted by: A Smith at April 29, 2007 02:19 AM