Monday, 17 November 2008

UK recession to be 'tougher and longer'

These forecasts are quite interesting in terms of the planning horizon.

UK recession to be 'tougher and longer'
The UK economy is expected to contract for another three quarters before beginning a slow recovery through 2010

Kathryn Hopkins
Monday November 17 2008 09.20 GMT

Recession in Britain will be tougher and longer than previously thought, the Confederation of British Industry warned today, with the economy expected to contract by 1.7% next year.
It also expects unemployment to hit 9% in 2010, leaving almost 3 million people out of work.

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