A proper Labour government recession is on its way

Another old post I have found in "draft", this time from 18 November 2007.

Apparently:

"BRITAIN’s economy could be heading for its worst year for 15 years, analysts warn. They say growth in 2008 could be weaker than at any time since the long upturn began in 1992.

After the Bank of England downgraded its growth forecasts last week and warned of further risks, economists say growth next year will be below 2%, threatening a rise in unemployment.

The weakest year of growth in the past 15 years was relatively recently, 2005, and saw the economy expand by only 1.8%.

The latest compilation of forecasts from Consensus Economics shows that five forecasting groups already have 2008 predictions below that, and others are revising their forecasts."