"Global risks are rising and Britain's recovery is likely to slow this year, George Osborne has said.
While the Chancellor highlighted that growth in the UK is expected to be the second fastest in the G7 this year, he said China's slowdown, sluggish growth in the eurozone and "worryingly high debt" in some emerging market economies would all drag on global growth.
Speaking in Lima, Peru, Mr Osborne said: "It's very clear from this IMF meeting the risks in the global economy are rising. While there are brighter spots like the US and the UK, and some emerging economies like India, overall the latest news is, in our view, more concerning.
"With global economic risks rising, Britain can't be immune from what is happening in the global economy. We must expect that while our economy continues to grow faster than most, it will not grow as fast as last year." "
Source: Britain's recovery will slow this year, warns George Osborne - Telegraph
AtW's comment - yeah yeah, those global risks... more like dividend tax and reduction in annual investment allowance are going to make a lot of companies reduce investment, which means less jobs, less sales across supply chain - lower GDP. Which knut is responsible for it?
While the Chancellor highlighted that growth in the UK is expected to be the second fastest in the G7 this year, he said China's slowdown, sluggish growth in the eurozone and "worryingly high debt" in some emerging market economies would all drag on global growth.
Speaking in Lima, Peru, Mr Osborne said: "It's very clear from this IMF meeting the risks in the global economy are rising. While there are brighter spots like the US and the UK, and some emerging economies like India, overall the latest news is, in our view, more concerning.
"With global economic risks rising, Britain can't be immune from what is happening in the global economy. We must expect that while our economy continues to grow faster than most, it will not grow as fast as last year." "
Source: Britain's recovery will slow this year, warns George Osborne - Telegraph
AtW's comment - yeah yeah, those global risks... more like dividend tax and reduction in annual investment allowance are going to make a lot of companies reduce investment, which means less jobs, less sales across supply chain - lower GDP. Which knut is responsible for it?
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