Dow Jones Industrial Average falls on the background of the European collapse

Britain has brought a lot of Dow Jones Industrial problems

In brief: Problems of the British economy began to affect the stock markets. Dow Jones Industrial Average hold positions in the green belt with great difficulty.

Dow Jones Industrial Average is at 10,254.53 points mark. Part of the acquired Dow Jones today points irretrievably gone. At the time the growth of Dow index is +43.46 points, or 0.43% per day. Britain announced the dire news about an hour ago: The British Office of the Fiscal Responsibility has published the first report on the development of the economy.

Forecast GDP growth for 2010 was reduced to 1.3% in 2011 – up 2.6%, the press service of the Office. Previously, the government has talked about polutoraprotsentnom growth this year and three percent in the next. In the future, 2012, 2013 and 2014 experts see economic growth at 2,8, 2,8 and 2,6% respectively. Reduced forecast by 2014, economists explain the decrease in manpower resources. Net public sector borrowing in the 2010-2011 year (deficit) should reach 10,5% of GDP, or 155 billion pounds. This figure is adjusted for the economic cycle, will be projected to 8% of GDP. At the same time, according to a report by the Office, there is a 50 percent chance that in 2014-2015 the volume of public sector net borrowing will fall to 4% of GDP. The decrease of the indicator points to reduce the attractiveness of investment in the country. The Office of Fiscal Responsibility was created in March 2010 after coming to power of the new government, David Cameron. Earlier, finance minister George Osborne said that public spending will be reviewed.

Anrey Torbinski
2010-06-14 20:37, Economics.

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