UK growth will slow to 15-year low - Deloitte

In the latest Deloitte Economic Review, the firm’s economic adviser Roger Bootle predicts growth in 2008 and 2009 to slow to levels seen in the recession days of the early 1990s. Bootle expects the UK economy to expand by just 2% this year, falling to roughly 1.7% in 2009. “The economy has looked vulnerable to a major adjustment for some time, given the sizeable imbalances which have built up,” he says. “The slowdown in 2005 looked like such an adjustment, but turned out to be just a pause. “There are number of reasons not to expect such a lucky escape this time.” Bootle says the globa...