What would you to help the UK economy recover? Would more stimulus be appropriate and how can we ease investors fears in the market place?
Wednesday, September 22, 2010
UK recovery 'slower than thought'
UK GDP is expected to grow now by 2% rather than the previous calculated 2.5%. Fragile banks, less consumer spending is spurring investor fears. Uncertainty still floods the European markets and spending cuts are expected later this year.
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I do not think that it is just a one simple issue but a mesh of mess that must be resolved. The investors' fear in the market place is a group effect that cannot be resolved at this point. The only thing that the UK's banking system can do is to intensify its regulation to ensure investor's trust. However, this will not bode well in the short run, yet it needs to be done.
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