Arab Today, arab today british gov\t cuts growth forecast
Last Updated : GMT 18:50:25
Arab Today, arab today
Arab Today, arab today

British gov\'t cuts growth forecast

Arab Today, arab today

Arab Today, arab today British gov\'t cuts growth forecast

London - XINHUA

British economy is expected to contract in 2012 as the government on Wednesday revised down its economic forecasts from 0.8 percent growth to 0.1 percent shrinking. British Chancellor George Osborne on Wednesday said in his Autumn budget statement that the country\'s economy would grow 1.2 percent next year and 2 percent in 2014. The year 2015 and 2016 forecasts were cut to 2.3 and 2.7 percent respectively, according to revised projections from the Office for Budget Responsibility. \"It is taking time but the British economy is healing after the biggest financial crash in our lifetime,\" said Osborne. The new forecast is consistent with that made by the Organization for Economic Cooperation and Development and the British Chamber of Commerce. Official data showed Britain had escaped recession in the third quarter this year after three quarters of contraction, with its economy growing 1 percent. But analysts believed the third quarter growth was due to one-off factors such as the London Olympics and public holidays in the second quarter.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today british gov\t cuts growth forecast Arab Today, arab today british gov\t cuts growth forecast

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today british gov\t cuts growth forecast Arab Today, arab today british gov\t cuts growth forecast

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday