Sunday, 6 November 2011

UK ‘has 50% chance of returning to recession' - a warning

There is a 50% chance of the UK falling back into recession in 2011/12 even if the eurozone crisis is successfully resolved, the National Institute of Economic and Social Research warned today.
In its latest UK economic forecast, the research body said it expected economic stagnation to continue into the first half of 2012, with events in the eurozone adding to existing weak domestic demand.
The UK economy will grow by 0.9% this year and 0.8% in 2012 before returning to ‘more robust’ growth in 2013, the NIESR added.

No comments:

Post a Comment