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Is there a triple whammy on the way for the UK economy?

There are growing concerns over a potential triple whammy with regards to the UK economy with high inflation, high unemployment and subdued growth in the economy. If this was to happen, and it is still a big if, this could decimate the UK economy and push the country back into recession at a time when there is no additional funding available to the government to bail out the economy. So where would this leave the UK?

If the UK was to experience a triple whammy there is no doubt that the financial strength of the government is insufficient to pull the economy around without outside assistance. Whether the UK government would be forced to go cap in hand to the IMF is open to debate although if the UK economy was to fail it is likely that other European economies, and other economies around the world, would also be in a similar situation. The more publicity the idea of a potential triple whammy is given by the UK media the more impact this will have upon short-term sentiment and indeed it could turn into something approaching a self fulfilling prophecy.

Hopefully it will not come to that!

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