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Double-Dip Coming


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Double-Dip Coming

It has been announced that the fear of a double dip recession has continued to increase. Boardroom confidence in the UK is falling fast as UK companies predict thinner profit margins and other miss profit forecasts.

One in three GB finance directors now think that the country will fall back into recession, and economists are reducing their growth forecasts.

Angela Eagle, Labour's shadow chief secretary to the Treasury, said: "After the zero growth we have seen over the last six months, we must hope that these forecasts prove to be wrong.

"We need to see growth of 0.8pc in the second quarter simply to get back on track to the Office for Budget Responsibility's latest three times downgraded forecast of 1.7pc growth this year."

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