European Commission Forecasts UK Economy to Fare Worst
Despite Gordon’s claims to the contrary, nobody seems to believe him that Britain is “best placed to weather the global financial turbulence”, not the currency markets, not foreign investors and nor now the European Commission.
The FT reports that the Commission is forecasting EU growth will slow from 1.4% cent this year to just 0.2% in 2009, while the eurozone economy would expand by 1.2% this year and only 0.1% in 2009. Among the EU’s largest economies, the UK would be the worst performer next year, when its economy would contract by 1% the Commission forecast.
Spin that Gordon…
