Lamport Bassitt Solicitors - Legal News - Double-dip recession '20 per cent likely at most'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Double-dip recession '20 per cent likely at most' An expert has indicated that the chances of the UK witnessing a double-dip recession are about 20 per cent likely at most. Andrew Goodwin, senior economic advisor to the Ernst & Young ITEM Club, suggested that although it is unrealistic to expect the economy to continue to record one per cent growth, a return to the worst symptoms of the credit crunch would be something of a surprise. He said the prospect of a financial relapse has "a maximum probability of 20 per cent". Mr Goodwin added: "Though some of the business surveys have slipped a little over the past month or so they remain firmly in expansionary territory." The expert gave his view that if there was to be a return to financial stagnation, the Bank of England would probably resume its programme of quantitative easing. The remarks follow comments from Andrew Lilico, chief economist at Policy Exchange, who claimed a double-dip recessions is likely, although it could be followed by a boom period. Posted by Helen Causer Related Articles: 22/9/2011 - Manufacturers targeting strategic acquisitions to drive growth 21/9/2011 - Mergers and acquisitions rule changes take effect 14/9/2011 - Govt wants to make London a 'legal hub' for the world 12/9/2011 - ICB banking reforms: banks set to be given until 2019 to prepare 8/9/2011 - Banking reforms in danger of being 'watered down' More Corporate Law News