if the UK had a housing recession would happen to the US ecconomy?
June 30th, 2010 by
with the housing recession happening in the US and UK is starting to feel the pinch. If the UK had a recession the likes of 1992’s black wednesday when the pound fell out of the european exchange rate mechanism. Would a UK recession affect the US ecconomy do both ecconomies depend on each other.
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It doesn’t much go the other way around. A UK recession probably wouldn’t affect the US at all, since the US doesn’t export much to the UK, and US investment companies are probably not much invested in UK securities.