macro economics
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UK's deficit 'could be bigger than Greece's' - Telegraph

UK's deficit 'could be bigger than Greece's' - Telegraph | macro economics | Scoop.it
Britain could be heading for a bigger budget deficit next year than crisis-hit Greece and Spain, according to research by Morgan Stanley.
rishan's insight:

Britain’s budget deficit could total £126bn, 7.8%  of gross domestic product for 2013-2014. According to Morgan Stanley who believe that Greece's will stand at 6.3% and Spains at 5.9% leaving Britain with the largest deficit in Europe.

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UPDATE 1-UK economy accelerates to fastest growth since 2010 - Macroeconomic News - London South East

UPDATE 1-UK economy accelerates to fastest growth since 2010 - Macroeconomic News - London South East | macro economics | Scoop.it
rishan's insight:

The GDP has grown at 0.8% last quarter which is faster than the 0.7% before that. however unlike all other developed economies britains remains 2.5% smaller than its peak in early 2008.

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