News Tag: double dip
March 17, 2010
The latest global economic research by Baring Asset Management’s (Barings) suggests that of the major global economies, the UK looks most vulnerable to a renewed dip into recession.
According to Barings, there is a slightly higher risk of the UK falling back into recession than there was a few weeks ago.
However, should the UK fall back into recession, ...
Barings warns of increased risk of double dip
by Kay Murchie
March 15, 2010
Bank of England policymaker, Kate Barker, said the UK is unlikely to return to recession.
In an interview over the weekend, Ms Barker, who is a former housing adviser to the Government, said it is possible, however, that the economy could contract for one quarter.
"It's possible we will have a quarter when GDP falls, but I don't ...
BoE’s Kate Barker says UK unlikely to return to recession
by Kay Murchie
March 7, 2010
Leading business group, the British Chamber of Commerce (BCC), has warned that the UK economy faces a “high risk of a relapse“.
The UK economy emerged from recession in the fourth quarter of 2009 by experiencing growth of just 0.3%.
However, all economists and reports have suggested that the recovery will be fragile, while others have expressed concern for a double-dip recession (whereby ...
Threat of ‘double dip’ recession remains
by Kay Murchie
February 9, 2010
Having studied the latest figures from the Insolvency Service, Grant Thornton is predicting a glut of company failures in England and Wales during 2010.
Last year saw a record 4,161 companies placed in administration (up 1.7% on 2008) and the accountancy firm warns: "There is no light at the end of the tunnel for troubled companies that are relying on ...
Growth too slow to halt record company administrations
by Gill Montia
January 31, 2010
A survey by accountants PricewaterhouseCoopers (PwC) revealed that many business managers are concerned that Britain is heading towards a double-dip recession (whereby the economy goes into recession twice without having undergone a full recovery in between.)
Last week, official figures revealed that the UK economy grew by 0.1% between the October and December period, suggesting that the economy had finally emerged ...
PwC survey reveals fears over double-dip recession
by Kay Murchie
January 26, 2010
The long-awaited quarter four GDP figures are to be released at 09:30 today with the hopes that the UK has finally emerged from its worst recession in several decades.
The UK economy, which has now contracted for six consecutive quarters, has been lagging behind other major economies but it is hoped that the economy exited recession in the fourth ...
Figures today to reveal UK’s exit from recession
by Kay Murchie
January 25, 2010
A report by accountancy firm Ernst & Young has found that the number of profit warnings fell by 37% (a six-year low) in the final quarter of 2009.
A fall in profit warnings was unexpected since the recession led to many firms experiencing a slump in profits.
However, Ernst & Young said firms should brace themselves for "a bumpy recovery".
While the economy has improved ...
Profit warnings fall in Q4
by Kay Murchie
January 4, 2010
A survey conducted by the accountant, Deloitte, has revealed that the chief finance officers (CFOs) of Britain’s leading companies are at their most confident for two years.
According to its quarterly survey in which 128 CFOs were questioned, Deloitte found that finance chiefs are more confident and less worried about liquidity and the banking system.
However, while nearly four in five CFOs surveyed ...
Finance chiefs upbeat according to survey
by Kay Murchie
November 19, 2009
According to the Commerce Department, construction of new US homes plunged 10.6% in October to an annual rate of 529,000 properties - the lowest level since April.
Analysts had expected the rate to exceed the 600,000 mark.
The decline in construction was led by a fall in demand for both single-family and multi-family occupancies.
Meanwhile, applications for building permits, a barometer ...
US housing starts see unexpected fall in October
by Kay Murchie
October 23, 2009
At 0930 BST today, the Office for National Statistics (ONS) will release UK GDP figures for the third quarter.
If the UK economy experiences positive growth in the July to September period, it will mean the economy has exited recession.
If not, it will be the first time the UK has endured six consecutive quarters without growth.
However, many analysts are hopeful ...
ONS to reveal GDP figures for Q3 today
by Kay Murchie
October 20, 2009
Recovery and restructuring company, Begbies Traynor, is forecasting a difficult time for businesses next year.
Its report titled ‘Red Flag Alert’ is a monitor of early warning signs of company distress and its latest report reveals that during the July to September 2009 period, 134,000 businesses still showed "material signs of distress" with the engineering and recruitment sectors being the "most ...
Worst is yet to come for insolvencies
by Kay Murchie
October 15, 2009
A double dip recovery in the housing market is unlikely according to investment company Assetz.
According to the Halifax and Nationwide, house prices have been rising over the last few months but many experts are predicting that house prices will fall again, resulting in a double dip (or a W-shaped recovery).
Last month, the Ernst & Young Item Club, a respected group of ...
Assetz believes ‘double dip’ still unlikely
by Kay Murchie
October 9, 2009
Nouriel Roubini, a leading US economist who was accurate in predicting the severity of the financial crisis, has warned "the crisis is not yet over."
Mr Roubini, a New York University professor, told the BBC yesterday of his concern that we are already "planting the seeds of the next crisis".
He comments: "I see an economy where the consumers are ...
Leading economist warns ‘crisis is not yet over’
by Kay Murchie
September 13, 2009
According to the TUC’s general secretary, Brendan Barber, Britain could be faced with a "double-quick, double-dip" recession if future Governments try to cut public sector jobs.
The TUC leader described the outlook as "very precarious" and cuts in public spending could result in over four million people unemployed.
Official figures show that unemployment increased by 220,000 to 2,435,000 in the ...
TUC warns of double-dip recession and 4m unemployed
by Kay Murchie
September 8, 2009
Despite recent signs of an imminent recovery within the US, Nobel Prize-winning economist Joseph Stiglitz has expressed his concern for a "double-dip" recession in the world’s largest economy.
Mr Stiglitz, who said he has been consulted on an informal basis by the Obama Administration to discuss economic issues, said "the prospects of a robust recovery are very, very ...
Economist Joseph Stiglitz fears for ‘W’ shaped recession in US
by Kay Murchie
