Source: http://finance.fortune.cnn.com/2011/01/25/u-k-shows-limits-of-austerity/
Friday, January 28, 2011
U.K. shows limits of austerity
Just in time for tonight's big speech comes a reminder of the limits of austerity. The U.K. economy posted a 0.4% fourth-quarter output decline, stunning economists who had expected to see gross domestic product rise 0.5%. Perhaps half the shortfall came from bad weather, but the news in any case was "shockingly bad," economists at [...]
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