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Much depends on how far an American downturn and the global fall-out from the mortgage bust weakens growth in the rest of the world.
ECONOMIST: Exports and the economy
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Politicians heading for the polls in other countries that are feeling the fall-out from global financial turmoil are watching carefully.
ECONOMIST: Spain: Zapatero's bear fight | The
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So for some British-based global companies, a fall in sterling isn't the boon it is cut out to be.
BBC: It's trade or bust for Britain
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President Barack Obama has been outspoken about the payment of bonuses - when the rest of the country is still suffering from the fall out of the global financial crisis.
BBC: Wall Street sign