IMF: UK Recession To Be Longest In World

[Bushmaster]

Sky News said:

The recession will last longer in the UK than elsewhere, dragging into 2010 as other major economies recover, according to the latest predictions. The IMF forecasts the British economy will keep shrinking by another 0.2% well into next year, while other nations begin to enjoy renewed growth. The IMF suggests the global economy will shrink by 0.6% in 2009, compared to an alarming 3.8% in the UK.

That would be the sharpest contraction in the UK economy since 1944 and much worse than the 2.8% the IMF forecast in January.

Winky? Any comment?

[Austin.J]

fks sake.

[AlexKP]

I saw this earlier today and it doesn't remotely surprise me.

We have screwed up bigger than pretty much anyone else except maybe the Yanks - but they have a greater capacity to sort themselves out. And they have a leader who has massive public support and a mandate to govern.

Whereas we have.... oh.... st.....

Yep.

Winky Mcfknut.

We really are screwed.