Kayabas - UK Growth Downgraded Yet Again.

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Kayabas - UK Growth Downgraded Yet Again.

Posted On : Oct-12-2011 | seen (168) times | Article Word Count : 363 |

Kayabas: Britain’s economy grew by a mere 0.1% in the second quarter of the year.

Kayabas: Britain’s Office for National statistics (ONS) has further reduced its final estimate for second-quarter gross domestic product from 0.2% to a dismal 0.1%.

“These numbers will serve to increase the pressure on UK chancellor of the exchequer, George Osborne to relieve some of the pressure caused by the coalition government’s austerity measures,” said an analyst at “Kayabas”.

The worrying data was released in the midst of growing concerns over the overall sustainability of the global economic recovery.

British consumers are being squeezed by both the government’s austerity measures and the rising cost of food and fuel.

Nevertheless, a spokesman for the UK Treasury said, the economy is recovering from a recession we now know was deeper than we thought and deepest of any major economy except Japan”.

The Kayabas analyst concluded, “Were it only the Conservative party in power, we would be little doubt that the government would stay the course in terms of
austerity but, the current power-sharing arrangement with the Liberal Democrats leaves us with doubts.”

Such suggestions are dismissed as “sheer idiocy” said an equity research analyst at Kayabas, “There is absolutely no way that the US dollar will be considered a safe haven by this time next year. Precious metals are the only viable safe haven assets because, unlike paper-based currencies, they cannot be printed or inflated by central bankers or governments,” he said.

The firm issued a $2000 by year end price target earlier this year and its analysts say that there are no plans to alter its view.

Gold traded as high as $1920 per ounce just over three weeks ago at, since then, it has been met by a wave of selling as speculators closed long positions in the midst of higher margin requirements on the COMEX division of the Nymex commodities exchange.

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<h1>Kayabas - UK Growth Downgraded Yet Again.</h1> Author: <a href='http://www.articleseen.com/profile_GarrySC.aspx'>GarrySC</a> Kayabas: Britain’s Office for National statistics (ONS) has further reduced its final estimate for second-quarter gross domestic product from 0.2% to a dismal 0.1%.

“These numbers will serve to increase the pressure on UK chancellor of the exchequer, George Osborne to relieve some of the pressure caused by the coalition government’s austerity measures,” said an analyst at “Kayabas”.

The worrying data was released in the midst of growing concerns over the overall sustainability of the global economic recovery.

British consumers are being squeezed by both the government’s austerity measures and the rising cost of food and fuel.

Nevertheless, a spokesman for the UK Treasury said, the economy is recovering from a recession we now know was deeper than we thought and deepest of any major economy except Japan”.

The Kayabas analyst concluded, “Were it only the Conservative party in power, we would be little doubt that the government would stay the course in terms of 
austerity but, the current power-sharing arrangement with the Liberal Democrats leaves us with doubts.”

Such suggestions are dismissed as “sheer idiocy” said an equity research analyst at Kayabas, “There is absolutely no way that the US dollar will be considered a safe haven by this time next year. Precious metals are the only viable safe haven assets because, unlike paper-based currencies, they cannot be printed or inflated by central bankers or governments,” he said.

The firm issued a $2000 by year end price target earlier this year and its analysts say that there are no plans to alter its view.

Gold traded as high as $1920 per ounce just over three weeks ago at, since then, it has been met by a wave of selling as speculators closed long positions in the midst of higher margin requirements on the COMEX division of the Nymex commodities exchange.

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MarketWatch is a multi-sector PR agency that provides the experience and expertise of a large agency but without the costs that come with that. Targeting technology firms, corporate PR and financial sectors, MarketWatch prides it self on the quality of its work and ability to build relationshipsAbout the Author: http://www.kayabas.com Article Source: <a href='http://www.articleseen.com/Article_Kayabas-UK-Growth-Downgraded-Yet-Again_91100.aspx'> http://www.articleseen.com/Article_Kayabas - UK Growth Downgraded Yet Again._91100.aspx</a>

Article Source : http://www.articleseen.com/Article_Kayabas - UK Growth Downgraded Yet Again._91100.aspx

Author Resource :
http://www.kayabas.com

Keywords : kayabas, brokerage, financial,

Category : Business : Business

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