Warning: Britain faces new recession


	Warning: Britain faces new recession

JICWyllie

6-30-2009 1:08 PM

55 views

tags:

1-recession, 2-increase, 2-risks, 3-forecast, 4-uk

JICWyllie says:

The US won't be far behind.

Add a Comment

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from June 30, 2009

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/bc968631-a85f-4d07-847a-28cbb1e62eac/5CCCFA9B-9086-4384-9A6C-B28FB11651A1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.independent.co.uk/news/business/news/warning-britain-faces-new-recession-1724447.html" href="http://www.independent.co.uk/news/business/news/warning-britain-faces-new-recession-1724447.html" style="font-size: 11px;">www.independent.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/business/news/warning-britain-faces-new-recession-1724447.html"><P class="tagline">Economy set to relapse into dreaded 'double-dip' downturn, say world's central bankers</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/business/news/warning-britain-faces-new-recession-1724447.html"><P>
A continuing drought in bank lending, evidenced in the latest figures from the 
  Bank of England, and the threat that spiralling public borrowing will feed 
  through to higher interest rates and inflation, are judged by international 
  economists to be mortal dangers to a sustained recovery.
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/business/news/warning-britain-faces-new-recession-1724447.html"><P>
The Organisation for Economic Cooperation and Development (OECD), which 
  comprises the 30 most advanced economies in the world, added to the gloom, 
  saying that Britain remained "deep" in recession and faced a "bleak 
  short-term outlook".
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/business/news/warning-britain-faces-new-recession-1724447.html">the Bank 
  for International Settlements (BIS), which includes the Bank of England, the 
  US Federal Reserve and the European Central Bank, said it feared that the 
  problems of the world's banks are far from fixed and could easily trigger a 
  so-called "double dip" or "W-shaped" downturn. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.independent.co.uk/news/business/news/warning-britain-faces-new-recession-1724447.html"> banks and 
  building societies remain reluctant to lend to any but the most secure of 
  businesses and home buyers. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5CCCFA9B-9086-4384-9A6C-B28FB11651A1/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Blog; Copyright; Privacy; EULA

Search Options

Today's Top Clips