3:08:22 21/05/12
17th Nov 2010
Governor Mervyn King thinks that the recovery will continue but its strength depends on developments in the World Economy. The most recent GDP figure shows growth of 0.8% in the third quarter of this year and the Institute of Directors agree that the Economic outlook is currently impossible to read.
My question is where do they get their information from? I suspect they only consult large company's Economists and Academics instead of also seeking the views/input/info from small to medium size businesses such as those that occupy office space at say Crossford Court Sale or Riverside Congleton. They would obtain a far better picture of what is actually happening in the Economy and maybe then the forecasts would become more accurate. The Bank of England claim to consult far and wide but have you been consulted?
