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Friday, July 24, 2009

Economy On The Skids

As Labour try to divert the public's attention with its headline grabbing "swine flu hotline", the economy continues to slide.

GDP fell by 0.8% in the second quarter of this year, this is the fifth consecutive quarter fall.

"Experts" had been expecting a fall of around 0.3%.

GDP has already fallen by 3.16% this year, realists expect it to fall by 4.5% by December (the Treasury has been predicting a maximum fall of 3.75%).

So much for "green shoots"!

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