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U.K. GDP -0.7% Q/Q in Q2 vs. consensus of -0.2%. (PR)
Wednesday, July 25, 2012, 4:37 AM ET
U.K. GDP -0.7% Q/Q in Q2 vs. consensus of -0.2%. (
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I see the austerity is working as intended, then.
25 Jul 2012, 05:26 AM
Entrepreneurs, risk capital and innovation drive real growth. In no major Western economy are these now allowed to do their job of expanding the long term capacity to create wealth which in turns drives income and job growth.
As the West becomes hostile to genuine capitalism and personal and property rights erode so do job, income and wealth growth. The UK is typical in this regard. The West is getting exactly the economic outcome it deserves: it has chosen to drink financial poison and economic toxins and it is no surprise that financial disease and economic enervation are the outcomes.
25 Jul 2012, 05:43 AM
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