The UK economy could humour a “groundhog year” in 2013, a left-of-centre thinktank has warned, with small or no expansion amounting to a rerun of final year’s mercantile performance, when GDP is suspicion to have depressed 0.1%.
Other economists have likely Britain will decrease into an rare triple-dip recession and has a clever possibility of being nude of a cherished AAA credit rating.
The Institute for Public Policy Research (IPPR) pronounced consumer and business spirit had been dampened by speak of years of purgation and doubt over a eurozone crisis.
“It seems that time has stood still for a final 12 months,” pronounced Tony Dolphin, IPPR arch economist. “Policymakers seem to have small thought how to boost expansion in the
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Source:
http://www.news.ezonearticle.com/2013/01/01/uk-economy-could-face-groundhog-year-as-morale-stays-low/
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