Just thought I'd bring some Friday cheer.
All the doom and gloom signals are rising as the IMF warned there is a 40% chance of the Eurozone going back into recession and Chinas housing bubble will have an inevitable outcome.
The BBC interviewed George Osbourne who is keen to reassure everyone that we are in a better place than we were previously, but concedes we are seeing a slowdown as a result of the impact from Europe, and said the UK will be affected. But is confident we can weather the storm...
So good while it lasted or storm in a teacup?
Guessing it's going to be importers and exporters who will be the first to see or feel any impact. For selfish reasons, it's nice to see the pound weaker against the pound as a lot of our revenue is in dollars. But lets hope its more of a blip than a recession...