Brown under fire as economists predict growth will halve


	Brown under fire as economists predict growth will halve

JICWyllie

4-21-2008 6:18 AM

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tags:

economy, business, i-confidence, i-decrease, i-record

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ef28b286-0722-4391-81fc-a4d3c3bdacec/D74E679E-E6A9-47C1-928B-BD52D66CAC21/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.independent.co.uk/news/uk/politics/brown-under-fire-as-economists-predict-growth-will-halve-812749.html" href="http://www.independent.co.uk/news/uk/politics/brown-under-fire-as-economists-predict-growth-will-halve-812749.html" style="font-size: 11px;">www.independent.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/uk/politics/brown-under-fire-as-economists-predict-growth-will-halve-812749.html">Pessimism among the UK's top business leaders has reached a low last plumbed in 2002, in the wake of September 11 and the bursting of the internet bubble, according to the Lloyds TSB Markets Business Barometer.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/uk/politics/brown-under-fire-as-economists-predict-growth-will-halve-812749.html">optimism had fallen for the seventh month in a row, and that the drop last month was the largest in four months, as the twin forces of inflation and slowing growth take hold.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/uk/politics/brown-under-fire-as-economists-predict-growth-will-halve-812749.html">Peter Spencer, chief economic adviser to the group, said: "Our reliance upon international banking markets means it is only a matter of time before [the economy] slows. This is going to be a rapid, painful adjustment and it will be a rough ride. We are facing a massive sea change in the balance of the economy."</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D74E679E-E6A9-47C1-928B-BD52D66CAC21/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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