Thursday, 8 July 2010

Experts: Britain To Dodge Double Dip - Just

Sky News
"..The group of economists and business leaders made the call as they more confidently predicted the Bank of England would make no changes to monetary policy following its July interest rate meeting.The 12-strong panel was unanimous in saying the likelihood of another downturn had increased in the last three months - because of both spending cuts at home and international factors such as the eurozone debt crisis.But they stopped short of saying it had become a probable outcome - aside from pensions expert Donna Bradshaw, who regarded a fresh bout of economic contraction as "inevitable".Ian McCafferty, chief economic adviser to the CBI, said the main reason for the darkening outlook was precisely the financial markets' "fixation" with a double-dip recession."

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