Lucidry - Connecting The Inspired » Financial http://lucidry.org Lucidry is a portal that aims to serve budding entrepreneurs, professionals and advocates within marketing, creative media and start-up business. Tips, Quotes, Interviews, Events, Podcasts! Thu, 22 Jul 2010 20:18:48 +0000 en hourly 1 http://wordpress.org/?v=3.0 UK Economy is in a ‘state of crisis’ says ex IMF Exec http://lucidry.org/business/uk-economy-is-in-a-state-of-crisis-says-ex-imf-exec/ http://lucidry.org/business/uk-economy-is-in-a-state-of-crisis-says-ex-imf-exec/#comments Mon, 08 Feb 2010 00:08:23 +0000 Mel @ Lucidry http://lucidry.org/?p=385 post thumbnail

Ex-IMF chief economist Simon Johnson, although now no longer in his role at the IMF has a lot of weight behind his name and his words should be heard. He had some worrying things to say in an interview with the BBC.

Talking to the  BBC, Simon Johnson said the UK should be seen in the same category of countries as Greece and Spain, who are facing severe debt problems.

Johnson is quoted as saying:

Now Greece is an an extreme example – there I think you can see that it’s going to get very messy very quickly – but unfortunately the budget situation in these other countries is also weak. And I have to add the UK to this list. Unless you can persuade the markets that you’re really going to bring the budget under control within the foreseeable future and you’re going to have some credible actions – and you’re going to have to do some persuading – you’re going to have big trouble.Simon Johnson

Pressure is mounting on the EU to take action and this will be brought into sharp focus this coming week when the new President of the European Council Herman von Rompuy chairs a special economic summit in Brussels at which the public finances of Greece, Spain and Portugal will be discussed.

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]]> http://lucidry.org/business/uk-economy-is-in-a-state-of-crisis-says-ex-imf-exec/feed/ 0 The UK is out of the Recession! – Video http://lucidry.org/business/the-uk-is-out-of-the-recession-we-hope/ http://lucidry.org/business/the-uk-is-out-of-the-recession-we-hope/#comments Tue, 26 Jan 2010 15:56:32 +0000 Mel @ Lucidry http://lucidry.org/?p=159 post thumbnail

Business / times and situations have been hard over the past 18months with many forced to cut-back heavily or worse into administration, closure or bankruptcy. Today, the BBC reported that the UK economy was out of the recession:<

The UK economy has come out of recession, after figures showed it had grown by a weaker-than-expected 0.1% in the last three months of 2009.BBC

Despite recovery signs such as an unemployment fall for the first time in 18months, many are still very tentative about the so called announced ‘recovery’ . At a nice 0.1% of growth it is hardly riveting or re-assuring news. The report was prompted by an ONS announcement today broadcast on Sky News that the UK had emerged from its recession.


View on Youtube

Even with the political backs and forths that are likely to ensue following this announcement between Chancellor of the Exchequer Alistair Darling and the opposition. I can at least take some solice in that some grown, no matter how staggered and anti-climatic is better than no growth. Part of the disappointment for many may lie in the exaggerrated expectations and promises for growth that were earlier promised.

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