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Gloomy predictions for the economy

Published: 31 December 2008 in Debt Consolidation

The majority of Britons consulted as part of a recent poll believe that the economy will not improve in 2009.

According to the survey, conducted in Leeds by the news agency Adfero, 59 per cent of respondents believed the economic outlook for the new year was bleak, while only 33 per cent believed things would improve.

In addition, eight per cent of individuals forecast that there would be no change.

Freda Grayson, who is retired, said: "We won't get out of it in a year no matter what [the government] say."

Meanwhile, Lawrence Grayson said that it was not possible to spend the way out of the recession.

According to the Office for National Statistics, housing expenditure fell 0.2 per cent, unrevised from the previous estimate.

Household expenditure is now 0.7 per cent higher than the third quarter of 2007.

Furthermore, the level of gross domestic product in the third quarter of 2008 is now 0.3 per cent higher than the third quarter of 2007.

Debt Consolidation:- JST Financial, Debt Consolidation, Debt Management and Consolidation Loan Specialists

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