Summary
Can't do too little about economy
The fear of recession has loomed for months, but economic facts that emerged last week alone give real cause for alarm. The London stock market fell by 7 percent; August car sales were the lowest for 40 years; year-on-year house prices have fallen by 12.7 percent; mortgage approvals were down by two-thirds. Optimistic forecasts suggest the economy is stagnating; it might already be shrinking.See the full content of this document
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Other Views
The government is widely blamed for the malaise, but this crisis was made in the pr...
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