PPRuNe Forums - View Single Post - Growing evidence that the downturn is upon us....
Old 4th Apr 2008, 08:41
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Wee Weasley Welshman
 
Join Date: Feb 2000
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Although to be fair the US is still showing us the future for Europe and the rest of the West. The IMF (THE IM conservative F!) will next week publish this:

http://business.timesonline.co.uk/to...cle3663457.ece

IMF to cut prospects for US growth by two-thirds
Gary Duncan, Economics Editor

The American economy faces a painful recession that will be deeper than the downturn at the start of this decade and the most severe since the early Nineties, the International Monetary Fund (IMF) is set to predict next week.


Since WWII every US recession has resulted in a UK recession. Every UK recession has resulted in airline collapses. Every airline collapse results in no job for Wannabes.

That's enough joining the dots lessons for one morning I think.


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