UK growth revised down amid strike action
Expat Financial & Investment News Update - 30th November 2011
Optimism over the European Financial Stability Facility gave a bit of a boost to markets yesterday, as Robert Harris of Forth Capital explains. In the UK growth was revised down from 1.7 to 0.9 percent for 2011. A further two years of austerity are expected. Meanwhile workers are striking in protest. And Standard & Poor’s downgraded major U.S. banks while Chinese banks have been upgraded.