Economic growth slows again in the UK.

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According to the news the credit crunch is taking its toll on the housing market. The UK economy has only grown by 0.2% in the second quarter of the year (the lowest growthin three years). Many are predicting a recession and things aren't helped by the fact that the rie uin the cost of living has led to consumers spending less. Construction appears to have slowed down and therefore the housing boom has stopped. Hopefully for us here in the UK interest rates will drop to avoid things getting too bad. However it feels like it will be too late to prevent a recession. It is a little frightening how things are panning out but I count myself lucky that I am in a relatively stable position compared to many others. However when I see how high the cost of living is I wonder how people are effected. Has the credit crunch hit you hard? Or are you just frustrated by the rising costs of petrol and food?