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Q&A: Greek debt crisis

Q&A: Greek debt crisis | Macro economics | Scoop.it
Where next for Greece and the eurozone?
Mark Jewell's insight:

Background on the crisis in Greece.

 

But check out far how their troubles could affect UK banks....

 

.....bad debt in UK banks will make them lend even less to struggling UK businesses (& consumer borrowers).

 

What then?

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Rescooped by Mark Jewell from Developments in the UK Economy
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Bank predicts protracted recovery

Bank predicts protracted recovery | Macro economics | Scoop.it

The Bank of England forecasts lower growth and a "slow and protracted" economic recovery


Via Geoff Riley
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Rescooped by Mark Jewell from Developments in the UK Economy
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UK risks triple-dip recession, Mervyn King warns

UK risks triple-dip recession, Mervyn King warns | Macro economics | Scoop.it
Persistently low growth will last until the next election, Bank of England governor warns as he cuts 2013 growth forecast to 1%...
Via Geoff Riley
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Eurozone unemployment at new high

Eurozone unemployment at new high | Macro economics | Scoop.it
The unemployment rate across the eurozone hit a new all-time high of 11.8% in November, official figures show.
Mark Jewell's insight:

More bad news for UK economy.....guess who we sell 50% of our exports to?

 

One glimmer of hope was the Republic of Ireland where unemployment fell...

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Aggregate Demand: Earnings rise less than inflation

Aggregate Demand: Earnings rise less than inflation | Macro economics | Scoop.it
The average annual earnings of full-time workers in the UK rose by 1.4% to £26,500 in the year to April 2012, less than the 3.5% rise in inflation.

Via Geoff Riley
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