Reply To: Spain and UK seem to be competing for biggest fall in ’09

Spanish Property Insight Forums Spanish Property Forums Spanish Real Estate Chatter Spain and UK seem to be competing for biggest fall in ’09 Reply To: Spain and UK seem to be competing for biggest fall in ’09

#91215
rt21
Participant

According to the latest report from the OECD, the West’s leading economic institution, “Britain will escape with one of the shallowest recessions in the rich world”. It goes on to say that this is “largely as a result of the Bank of England’s decision to cut interest rates sharply to just above zero and the fall in the pound since last year.”

All seems very confusing as it is at odds with a recent report from the IMF

Richard