The CEBR – Centre for Economics and Business Research, expects a shrink in the UK economy by almost 2.9% in the year 2009, which is more than any time ever since the 40s. It also predicts a decline in the consumer spending and a slump in all forms of business investment. The forecasters also predict Read more
Almost a 3 percent drop was noted in Dow Jones and Nasdaq indexes while London’s FTSE 100 index sank about 2.5% .Similarly, French and German markets each lost around 3%. The results came forward when US data suggested mounting unemployment claims and sluggish shop sales. The European Central Bank has shown 1.5% growth forecast in Read more