As the OECD forecasts a winter recession for the UK, we want to know your thoughts on our immediate economic future.
The Organisation for Economic Co-operation and Development (OECD) has warned that the UK faces a ‘mild’ recession this winter.
The OECD forecasts that the UK economy will dip by 0.03% in the final quarter of 2011 and by 0.15% in the first quarter of 2012.
It predicts overall growth for the UK of 0.9% in 2011 and 0.5% in 2012, significantly below the independent Office for Budget Responsibility (OBR) March forecasts of 1.7% for this year and 2.5% for next.
It’s expected to cut those forecasts today to around 1%.
We want to know your thoughts on whether we’re heading back to recession. Do you trust the government to lead us through these stormy economic times? Would Labour do a better job?
Let us know what you think via the Comments box below.
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