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- Credit cards bail out the UK economy
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(click on the chart for a sharper image)Could the UK economy be heading towards recession?Recent data hasn’t provided much evidence of an impending slowdown; inflation remains elevated, unemployment is low, while retail sales numbers during first months of this year were reasonably strong. However, the combination of unsecured credit growth coupled with fourth quarter 2007 GDP data could point to a possible weakening of consumption data….
Original Source
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19 April, 2008| housingblogs |
@ 16:19
