Recession of 2009/Addendum: Difference between revisions
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== | == Recent economic developments== | ||
===Autumn 2008=== | ===Autumn 2008=== | ||
Revision as of 04:18, 24 October 2008
Recent economic developments
Autumn 2008
Credit crunch gets worse in the US [1] and the UK [2].
The oil price falls. (October US light $67/barrel, down fron July $147 peak)[3].
UK output falls - by 0.5% between second and third quarters of 2008 [4].
Forecasts and outturns
- Annual percentage growth in Gross Domestic Produce
- (forecasts are shown in italics)
Date Source Country 2007 2008 2009 2010 2011 02 October 2008 International Monetary Fund [5]. United States 2.0 1.6 0.1 United Kingdom 3.0 1.0 -0.1 France 2.2 0.8 0.2 Japan 2.1 0.7 0.5 China 12 10 9 World 5.0 3.9 3.0 08 October 2008 Conference Board [6] United States 2.0 1.7 0.0 18 October 2008 Item Club [7] United Kingdom 3.0 1.0 -1.0 1.0 2.9