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Top Economist Warns Of ‘Double Dip’ Recession

Posted By admin On June 14, 2010 @ 4:01 am In Money Watch | Comments Disabled

Sky News
June 14, 2010

A leading economist has warned the Government’s proposed spending cuts risk plunging the UK back into recession.

David Blanchflower, a former member of the Bank of England’s monetary policy committee, told Sky News’ Sunday Live that further investment is needed to build growth.

“I think if these plans are implemented it is almost certain that we are going to have a double dip recession,” he said.

“The issue is: where is the growth coming from in the economy?

“It is not going to come from the public sector and I see no evidence at all that private firms are investing or hiring.

Full article here [1]

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[1] Full article here: http://uk.news.yahoo.com/5/20100614/tuk-top-economist-warns-of-double-dip-re-45dbed5.html

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