Britain's economy less stable than Peru

21 September 2009  The Telegraph

The global think-tank ranked the UK 71st in the world for macro-economic stability in a report addressing the relative competitiveness of different countries.

The slide in stability pushed the UK down one place to be ranked the 13th most competitive market in the world, after China, based on its institutions, infrastructure, health and primary education, among many other factors.

The report's authors said: "A significant and growing weakness remains the UK's macro-economic instability, with low national savings, an exploding public-sector deficit (related in large part to recent efforts to bail out the financial sector), and consequential public indebtedness."

The soundness of British banks was ranked 126th in the world, after war-torn Burundi and only four places above Iceland.

http://www.telegraph.co.uk/finance/economics/6157759/Britains-economy-less-stable-than-Peru.html