The UK economy [June 2008]

Low, Kenneth (2008) The UK economy [June 2008]. Fraser of Allander Economic Commentary, 32 (1). pp. 24-29. ISSN 2046-5378

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Growth in the world economy has slowed significantly but more so in the developed economies and in particular the US, whilst China and India continue to do well. The financial crisis, lack of credit, a collapse in the US housing market and high oil and commodity prices have combined to adversely affect growth in 2008 and into 2009. One of the major problems for the world economy is the uncertainty this situation brings.