eco-journal21 - The EC's latest forecast predicts that U.K....

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Duc Hoang Journal  11/3 United Kingdom will suffer a deeper recession than any other  mature EU economy, with a contraction of 1% next year and only  0.4% growth in 2010, the European commission said today. Like  the   United   States,   UK   economy   is   experiencing   a   recession  period as the GDP has been falling down for nearly 6 months. 
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Unformatted text preview: The EC's latest forecast predicts that U.K. unemployment rate will rise from 5.3% in 2007 to 7.1% in 2009, thus bringing the number of jobless to about 2.25 million. It expects the budget deficit to increase as the need to fix the economy....
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This note was uploaded on 03/10/2011 for the course ECON 101 taught by Professor Duc during the Spring '05 term at Linfield.

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