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Into the Storm Britain's Economy
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 401 no. 8762 (Dec. 2011)
,
page 14.
Topik:
Recessions
;
Politics
;
Economic Policy
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.69
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Remember the Big Society? Free schools? Health reform? Nor does anybody else. With Britain having barely emerged from recession and the outlook darkening in Europe, all politics is now about the economy. The chancellor of the exchequer's autumn statement, not guaranteed to capture the public interest, dominated the airwaves on November 29th and the front pages this week. George Osborne's announcement raised two questions which will determine the future of both the country and the government. How bad are things likely to get? And is the chancellor making things better or worse? The independent Office for Budget Responsibility (OBR), a newly established fiscal watchdog, provided Mr Osborne with the official answer to the first question. The OBR reckons that although growth will be much weaker this year and next than had been forecast in March, Britain will narrowly avoid a second recession. That sadly already looks too optimistic. The OBR's forecast assumes that the euro crisis can be resolved without too much fuss, which seems increasingly unlikely--and the uncertainty is pushing the euro zone towards recession fast.
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