Sunday, June 14, 2009

UK's Economy is the best says leading economist

As you all know the world’s economy is very bad for the past two years, but Paul Krugman, who won the Nobel Prize for economics in 2008 says, UK is in the best shape out of all the economies in Europe. He also suggested that the UK's economic policies had been "pretty good" and called them "intelligent". The government also deserved more credit for its policies, he said in an interview with The Observer newspaper. His comments come at the end of a week when the pound has risen to its highest level this year. Finally, he said, UK has achieved a lot of monetary traction in the way that no one else has through the depreciation of the pound.

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