Blog
Time Lags
Jim Riley
7th February 2008
With attention focused on changes in base rate today, Hamish McRae , writing in The Independent, looks at longer-term prospects for the world economy.
He argues that growth from BRIC and similar economies will maintain growth this year, but the real test for the world economy in coping with slowing demand in Europe and the USA will come in 2009.
Only another 30 minutes to the base rate decision - which appears to already be a foregone conclusion?