Feeds

World outlook worst since dot-com crash

And a very happy new year to you too...

Beginner's guide to SSL certificates

The economic outlook for the UK is looking as bad as at any time since the dot-com crash of 2001.

A survey of 55 leading economists by the Financial Times reveals low confidence in the state of the economy and fears that there is little public authorities can do to improve the situation.

Almost two-thirds of those questioned by the paper believe house prices will fall this year. Nine out of ten said that public finances are in poor shape, so there is limited room for the government to use tax cuts or public spending to reduce the impact of a downturn.

When the 55 economists were asked about the housing market, 21 predicted "modest or sustained price falls (up to ten per cent)", ten expected bigger price falls and 14 predicted a soft landing. Opinion was divided as to the impact of such a fall.

Willem Buiter of the London School of Economics believes house prices will fall by about 30 per cent in the next two years with no major impact on the UK economy - "On average, lower house prices don't make the UK consumers worse off. They lose as owners but gain as renters."

The economists said the main risk to economic stability was the effect of the credit squeeze. In second place was a bigger slowdown in the US, Europe or China, followed by inflationary pressures then the impact of a slowdown in the UK housing market.

In other news, the FT predicts an eight per cent rise in business insolvencies this year compared to 2007, according to a survey from credit management firm Euler Hermes.

More form the FT here. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.