‘Getting on with it’ sounds like sound advice

FORECASTS from the Government in its pre-Budget outlook yesterday paints a grimmer picture of the economy for the next few years than has been the case.

Gone are the glory days as the economy finally slows in tandem with weaker housing demand and the steady rise in ECB interest rates.

Poorer global growth has also hurt the growth outlook as the US finally buckles under the weight of the housing backlash, fuelled by the previous bout of low borrowing when US rates were cut to 1% by the previous president of the US Federal Reserve Alan Greenspan.