Germany and France leave the UK behind
Only yesterday we saw small, but significant, improvements in the German and French economies which would appear to have started to grow again. This comes at a time when the UK economy is still deep in recession and even though there have been signs of a turnaround we are yet to see evidence of this in the basic economic figures. Indeed, many of the more hopeful economic indicators in the UK have been revised downwards only a few weeks after being published. So what is going on?
Despite Gordon Brown and Alistair Darling, two figures who have been particularly absent from the media front over the last few weeks, both suggesting that the UK was ahead of the recovery curve in relation to Germany, France and other European counterparts, this has not been the case. The UK economy appears to be stagnating and the £50 billion quantitative easing injection is a sign that the likes of the Bank of England and the government are concerned.
It is essential that artificial liquidity and artificial funding is injected into the economy until it is able to stand on its own 2 feet and start to grow again. While the signs are that the extra £50 billion injected into the quantitative easing program will be the last additional investment, it very much remains to be seen if this is the case.
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