Comments: GDP still buoyant

Your right, these statistics probably don't take in the credit crunch. Lets not also forget Oil is at $90 a barrel. The growth statistics estimated by the treasury for the next 2 years is what worries me most.

Posted by John@ScribbleSheet at October 19, 2007 02:17 PM

Enough of a surprise to put back IR cuts a month or two?

Posted by Mr Naresh Radson at October 19, 2007 05:17 PM

Not a chance in reality.

A fantastic report, devoid of Labour spin is right here (it's written by a collective of Geman economists - ie ones that might have some "not so common" sense):

http://www.antibuerokratieteam.net/2007/10/22/more-mirage-than-miracle/print/

Posted by matt at October 23, 2007 08:08 PM

Don't know what you're trying to prove with this - this is all well known information. Rising debt is a global phenomenon, including in the eurozone, where the debt-income ratio has trebled over the past 20 years. If you leave out Germany, plenty of European housing markets have boomed.

I think it unlikely that the MPC will think about cutting with growth this strong, nor should they.

Posted by David Smith at October 23, 2007 10:51 PM