MOODY’S has warned Chancellor George Osborne that the
Mr Osborne lowered his forecast for growth in gross domestic product – national output – this year and next year during Wednesday’s Budget, admitting that the recovery will be slower than thought until 2013.
This means the Conservative-led Coalition will need an economic rebound from 2013 onwards if it is to eliminate the Budget shortfall before the 2015 General Election.
However, the ratings agency cautioned that there was more chance that economic growth in Britain would lag behind, rather than exceed, the Chancellor’s predictions for 2013 onwards, thwarting his drive to cut the deficit.
Moody’s said: “Slower growth combined with weaker-than-expected fiscal consolidation could cause the
Ratings agency Fitch made a similar statement on Wednesday.
Mr Osborne’s fiscal plans are heavily constrained by forecasts from the Office for Budget Responsibility, an independent Government body that provides macroeconomic and fiscal forecasts.
Ya le habían bajado la calificación a Japón, unas semanas antes del Terremoto, el Tsunami y la fuga radiactiva.
La cosa esta muy espesa.