The story on how bad things are in the UK is here.
Britain will be the only major economy to face the full force of a recession, according to the Organization for Economic Co-operation and Development. While all the G7 economies will slow The O.E.C.D. predicts that Britain will be the only member of the G7 whose gross domestic product will fall into negative growth. Since this will take place over at least two financial quarters, Britain fulfills, what economist like to call “the technical requirements” of recession. . . .
Well, at least the OECD recognizes that the US isn't in a recession
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Oleh
abudzar
