5% inflation and the EU unable to improve the situation.
Same as the rest of the world, inflation is up and growth is down.
There is some light, the IMF yesterday reviewed its growth predictions to 4.1%, in April it predicted growth would slow to 3.7%.They state that the US sub prime market situation is still an issue, but not at the level it believed in April.
Add the Fiscul Stimulas package, which is effecting American spending.
The US is now predicted to expand 1.5% instead of the previous prediction of 0.5%.
The IMF still stress that world recession is possible, they still believe there is a 25% chance world growth could slow to 3% or less.
They still believe the financial markets are very fragile and that there not likely to improve anythime soon.
Maybe if they reduced the tax on fuel and food, we`d all be able to save some cash, bugs the hell out of me when leaders start telling us to reduce our outgoings and save when they keep putting the pigging prices up !!!!!!!!!!!!!!!!!
