http://www.bloomberg.com/apps/news?p...WJ0&refer=home
Can someone explain to me why it's predicted that the UK economy will only contract by 2.8% this year, whereas this quarterly figure predicts an annual rate of contraction in excess of 6%, if sustained?
Are there any reasons to think that the rate of contraction will fall this year?
Or is it that people just can't bring themselves to express the real scale of the doom?
Can someone explain to me why it's predicted that the UK economy will only contract by 2.8% this year, whereas this quarterly figure predicts an annual rate of contraction in excess of 6%, if sustained?
Are there any reasons to think that the rate of contraction will fall this year?
Or is it that people just can't bring themselves to express the real scale of the doom?
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