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Autumn Leaves Falling; The Economy
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 401 no. 8761 (Nov. 2011)
,
page 59-60.
Topik:
Economic Planning
;
Economic Forecasts
;
Recessions
;
International
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.69
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Prepare for some bad news. The prime minister, David Cameron, told an audience of business leaders on November 21st that shrinking the budget deficit was proving harder than anyone envisaged. His comments laid the ground for the chancellor, George Osborne, who makes his autumn statement on the economy and public finances on November 29th. The chancellor's message is likely to be grim: a downgrade to official growth forecasts for next year and beyond seems certain. The coalition government's hopes of eliminating the structural part of the deficit (the bit that cannot be blamed on temporary slack in the economy) and of capping public debt by the end of the current parliament are in serious doubt. Bond markets are likely to be forgiving, given the scale of troubles elsewhere. But a failure to hit its fiscal targets would harm the coalition government's credibility. And there is a more pressing worry. Britain's strong links with the wretched euro zone mean that its economy is being dragged into continent-wide recession.
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