Thursday, December 20, 2007
Growth at 3.3% but the imbalances grow
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

A veritable feast of data, worth looking at on the ONS website - growth in the third quarter was 3.3%, but the saving ratio fell to 3.4% and there was a 20 billion current account deficit. These figures are subject to revision but they are some way from the rebalancing we have been looking for. Meanwhile, the public finances suggest Alistair Darling is heading for a substantial borrowing overshoot.

Comments

Sell the pound

Posted by: Sell Everything at December 20, 2007 10:30 AM

What happened to prudence? This government has been chasing votes at the expense of the economy. Public Services deserve investment but it should not risk the foundation of our economy.

Posted by: JohnofScribbleSheet at December 20, 2007 12:24 PM

Is it sufficient to say that MK would like to be reappointed? From a hawkish tone to raise interest rates to 6% he has now supported a cut.

Or is it the GDP falling below expectations? What has happened to inflation targeting?

Posted by: Hitesh Damani at December 20, 2007 03:25 PM