Below is Guido’s easy to understand summary of the third quarter GDP growth figures globally:

As well as being the lamest economy in the G7, we share recessionary woes with economic powerhouses like Romania.  Gordon Brown’s epitaph will be that he didn’t abolish boom and bust, he didn’t save the world and he “led the way” only in his imagination.  The British economy has paid the price for his delusions.

Sources : Eurostat and OECD