Wednesday, November 16, 2011

Operation Blame Yurp Is In Full Swing

Obviously I blame Yurp too, but they're just part of the austerity madness which has inefected everybody.

The outlook for output growth is unusually uncertain. That reflects in particular the exposure of the UK economy to developments in the euro area.

The euro area faces substantial challenges as several members seek to ensure the sustainability of their public and external debt and maintain financial stability. Implementation of a credible and effective policy response in the euro area would diminish uncertainty and so support the UK recovery.