UK Faces "Double-Dip" Recession


	UK Faces "Double-Dip" Recession

abailart

6-30-2009 5:49 AM

137 views

tags:

economics, recession

abailart says:

Based upon overall analysis and prognosis initiated two years ago, I would suggest that this is not only an issue facing the British economy.

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/b624b64c-60b5-455d-ae05-2667e0ff9924/6F1E2FD5-19F3-442F-8587-5CD1A540B57B/" 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>The world's central bankers have warned that the British economy faces relapsing into another recession – the much-feared "double dip" downturn. </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">continuing drought in bank lending, evidenced in the latest figures from the 
  Bank of England</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">spiralling public borrowing </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">OECD), which 
  comprises the 30 most advanced economies in the world, added to the gloom, 
  saying that Britain remained "deep" in recession </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">warnings are at odds with recent market optimism and so-called green 
  shoots suggesting that output in the economy may be recovering. But 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. "A 
  major cause for concern is the limited progress in addressing the underlying 
  problems in the financial sector," </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/6F1E2FD5-19F3-442F-8587-5CD1A540B57B/blog/" title="blog or email this clip"><img src="http://content9.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