U.S. Media Said The UK Could Bankrupt

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Successful prediction for the U.S. financial crisis the world famous New York University economics professor Luliaier – Roubini on the 29th in the economic magazine “Forbes” the submission of warning: “If Britain does not correctly deal with large external liabilities and foreign exchange liquidity crisis, it is very likely to step on Iceland’s lead. “

With the British economy has gradually increased the uncertainty, the dollar’s parity against the pound from August 21, 2008 of 1.88 U.S. dollars, fell explosion on Jan. 28, 2009 of 1.43 U.S. dollars.

International Monetary Fund (IMF) on that day to the UK economic growth this year forecast of -1.3% from two months ago, down to -2.8%. The economic growth rate of -2.8% in the major developed countries at the lowest level. The birthplace of the global financial crisis – the U.S. economic growth this year expected to reach -1.6% France -1.9% Germany -2.5%, Japan -2.6%, can be seen in other developed countries is expected to lower depression levels in the United Kingdom.

UK financial sector gross domestic product (GDP) of 9.4%, and the related accounting and consulting expertise Fuwu Ye accounted for 3.6% of GDP, the economy is highly dependent on finance. In contrast, the manufacturing share in GDP from 20.3% in 1997 but never fell to 12.6% in 2007. The economic structure of the British economy under the influence of the global financial crisis will only become vulnerable.

In addition, the British Prime Minister Gordon Brown’s political conflicts and weak leadership are difficult to resolve the crisis one of the important reasons. Brown, the financial crisis early last year, Zeng Yin rapid response letter obtained by the voter identification. But with the worsening of depression, is losing people. According to a public opinion survey, 58% of respondents said pessimistically: “Brown will be unable to overcome the economic crisis.”

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