The economy urges the government to take measures to counter the inflation and l

Unless the government steps in with new supportive measures, the survivors nonetheless face a bumpy road ahead. Interest rates remain high, having been hiked in response to the economic crisis. This, together with galloping inflation and tumbling incomes, will continue to depress consumer sentiment.

For the American and British economies it has been a long road out of the woods, but the journey is nearing its end. America’s unemployment rate fell below 6% in September. Britain’s economy, where output was up 3. 2% in the year to June, is growing faster than any other big rich country’s.