Wednesday 4 February 2009

Economists warn of 'feeble' UK recovery

Independent
"Britain's economy will shrink by 2.7 per cent this year and stage only a "feeble" recovery in 2010, one of the country's most respected economic forecasters warned yesterday.The think-tank's prognosis for the UK's economy includes a string of gloomy projections. The NIESRbelieves unemployment will hit 7.4 per cent by the end of this year, rising to 8.4 per cent in 2010, which would equate to joblessness rising well above 3 million."

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