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Stagnation and other breakfast reading

Geoff Riley

29th October 2008

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Hamish McRae asks can we avoid the years of stagnation suffered by Japan?

Larry Elliott in the Guardian reports on a stunning decline in US consumer confidence - expect the US Fed to continue their journey to take base interest rates towards zero

The Financial Times reports on a steep and sudden decline in world oil production as producers respond to the collapse in prices

And Tim Besley from the Monetary Policy Committee - regarded as one of the most hawkish on the MPC - says that inflation is no longer a threat .... further evidence that the MPC is likely to slash UK base rates to 3% of less in the coming months

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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