The Economist/Ipsos-MORI issues index: Recovery afoot

Posted: July 25, 2013 in economy
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FIGURES released today show that the British economy grew by 0.6% in the last quarter, twice as fast as in the previous quarter. According to a poll conducted on behalf of The Economist by Ipsos-MORI, the economy remains the main topic of concern—over half of respondents cited it as one of the important “issues facing Britain”. But consumer confidence is up again: the firm’s index of economic optimism is now positive for the first time since the second quarter of 2010.The question is whether this recovery will last. Ed Balls, the shadow chancellor, points out that GDP is still 3.3% below its 2008 peak; unemployment is still 7.8%, sharply higher than it was before the crisis. There have been false dawns before and this may prove to be another.

via Economic Crisis


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