Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Hot Button Questions:- Money, Banks, & the Economy -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (1192)	1/5/2009 2:36:12 AM
From: maceng2	Respond to of 1417

2009 will be much worse for the UK economy, but it won't be a complete write-off By Roger Bootle telegraph.co.uk /snippet Here in the UK, things will be particularly grim. I think that house prices will fall by another 20pc this year, leaving them some 35pc below their peak. At the same time, unemployment will continue to rise rapidly. By the end of this year there will be 2.8m people out of work, eventually climbing to 3.4m – the highest rate of unemployment since 1993. Consumers will cut back on their spending and increase saving – which will worsen the recession /end snippet. Bootle is worth reading in full.