The economic prospects for 2011 are looking stagnant rather than dire, according to the majority of respondents in AccountingWEB.co.uk’s latest poll.
Out of the 59 votes cast in our economic outlook poll, 64% took the view that the economy would remain fairly stagnant during 2011.
This mood supports the view of the Office of Budget Responsibility, whose prediction of 1.3% growth for 2011-12 was quoted by the chancellor during his emergency Budget speech in June.
In spite of the chancellor’s cautious growth prediction, 25% of AccountingWEB members thought the economy would worsen considerably during 2011. Just 10% of respondents thought the economy would improve considerably during the year.
The sample is still relatively small, and many of our votes were cast before the European Co...