|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    17th of January 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Economy News feed Economy News

All Financial News feed All Financial News

Recovery will be “sluggish”, expert claims

Bookmark and Share

by David Masters

Recent increases in the purchasing managers index (PMI) should not be taken as an indication that Britain is entering a strong recovery, one expert has claimed.

Vicky Redwood, economist at Capital Economics, said economic recovery will be “sluggish” over the next two years.

She made the remarks despite conceding that PMI data released this week was “pretty positive”.

Both the manufacturing and service sectors have seen expansion, easing worries that the UK might be heading for a double dip recession in the next quarter.

The figures “should alleviate concerns that the economy is about to fall back into recession this quarter,” Redwood said.

However, she added that there is still a risk of Britain entering a second recession later this year.

Capital Economics expects the UK’s economy to grow by “about one per cent” in the medium to long term, Redwood said.

Discuss this in the Finance Markets forums

Story link: Recovery will be “sluggish”, expert claims

News posted: March 8, 2010

Financial Services:

Related financial stories to: Recovery will be “sluggish”, expert claims:
Previous: «
Next: »

Visited 2427 times, 2 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Tags: , , ,