Recovery

The UK economy has continued to grow in the first quarter, but by a tiddly amount, confirming the dampened state of economic activity and the remaining threat of another dip. There are encouraging signs of a revival of British manufacturing and the G20 Finance Ministers meeting in Washington think that worldwide recovery is moving faster than they expected. There is clearly good news here, even if optimism must be cautious.

The hidden problem which nobody really faces up to at any level is the fact that the crash came from too much borrowing in the first place. By borrowing their way out of it, Governments now add their own vast debts to those of individuals and the private sector. Greece shows what happens when the burden becomes unmanageable. We have yet to see whether the overall burden now carried at every level of the Western Economies can be both serviced and repaid without a savage fall in living standards for everyone.

11 Responses to “”

  1. subbuteo says:

    You…are…my…hero!!! I cant believe something like this exists on the internet! Its so true, so honest, and more than that you dont sound like an idiot! Finally, someone who knows how to talk about a subject without sounding like a kid who didnt get that bike he wanted for Christmas.

  2. Can I make a suggestion? I think youve got something good here. But what if you added a couple links to a page that backs up what youre saying? Or maybe you could give us something to look at, something that would connect what youre saying to something tangible? Just a suggestion.

  3. Heyy – I should say, I sure am happy with your website. I had no trouble navigating via all of the tabs and the information was really easy to gain access to. I discovered what I wanted in no time at all. Pretty awesome. Thank s alot!

  4. okiennice says:

    Heyy – I should say, I sure am happy with your website. I had no trouble navigating via all of the tabs and the information was really easy to gain access to. I discovered what I wanted in no time at all. Pretty awesome. Thank s alot!

  5. Thanks for sharing the link, but unfortunately it seems to be down… Does anybody have a mirror or another source? Please answer to my post if you do!

  6. rekuperatory says:

    This really is the very best post I understand as of these days.Exactly where did you got every one of the data from? That is very useful and really education. I will remain awhile in right here. Worth reading each wordsf

  7. You should definately write more about this! Please!

  8. Heyy – I should say, I sure am happy with your website. I had no trouble navigating via all of the tabs and the information was really easy to gain access to. I discovered what I wanted in no time at all. Pretty awesome. Thank s alot!

  9. patelnie says:

    Heyy – I should say, I sure am happy with your website. I had no trouble navigating via all of the tabs and the information was really easy to gain access to. I discovered what I wanted in no time at all. Pretty awesome. Thank s alot!

  10. That was intriguing . I love your finesse that you put into your post . Please do continue with more similar to this.

  11. […] This post was mentioned on Twitter by malcolm. malcolm said: : Recovery The UK economy has continued to grow in the first quarter, but by a tiddly amount, confirming the dampe… http://bit.ly/ao6nPq […]

Leave a Reply