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Robust economy should survive doom and gloom; Business Editor John Duckers and Ashley Seager look at the implications of the latest stock market tumble.(Business)
From:
The Birmingham Post (England)
| Date:
January 28, 2003
| COPYRIGHT 2003 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Byline: John Duckers and Ashley Seager
The seemingly unstoppable slide in the stock market comes at an ugly time for the UK economy, already mired in doom-laden talk of a consumer spending slump and a possible housing market collapse.
But while media pundits may predict the end of the world as we know it, analysts say the foundations of the economy seem solid and while the stock market tumble is hardly welcome, it is too early to say that Britain is heading fo...