Monday 27 July 2009

Britain's path to recovery will be long and protracted, Deloitte warns

Telegraph
"The widely-watched forecast come after figures on Friday showed the economy contracted far more than feared last quarter, dashing hopes that Britain would enjoy a quick, 'V’ shaped recovery. Roger Bootle, author of Deloitte’s review, argues that an upturn will at instead be 'U’ shaped - a period of anemic growth - at best, but admits the economy could slide back into recession."

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