RRJ4

Reference:
Werdigier, Julia (2010, April 27). Pace of Recovery in Britain Slowed by a Cold January, republished by The New York Times.
Retrieved April 27, 2010, from http://www.nytimes.com/2010/04/24/business/global/24pound.html?scp=1&sq=cold%20weather&st=cse
According to Pace of Recovery in Britain Slowed by a Cold January, the U.K economic has grown up, but it’s very slowly. In the first quarter of this year, the British G.D.P. raised 0.2%. The Office for National Statistics said cold weather was effect the British economic recovery. Both retail and industrial sectors get heavily hurt. Some economists think the new G.D.P. will upward in next three months because they think the weather will help the marketing. But Michael Taylor who is a senior economist at Lombard Street Research in London thinks the economy is losing power. Last week the Confederation of British Industry said the next quarter the economy will rise up quickly. The unemployment, a weak housing market and the outcome of the general election are influence people’s confidence. Some analysts’ think whether which party wins this election, it will work out the largest deficit since the Second World War. Many families and companies still borrow little money from bank for business. Some companies’ plans are not do it quickly. Howard Archer who is chief European and British economist at HIS Global Insight said the British G.D.P. growth will come down to 1.1% in this year. But many companies think the business has still challenging.
Reaction:
Peoples’ confidence like an old man need more time to recovery. Just a little bad new will give them heavy hurt, because a lot of people think the crisis has not leave them. Cutting spending and working a long time are very popular. The British G.D.P.