UK faces triple-dip recession

clock

Economists have warned the UK could suffer a triple-dip recession next year after the recovery effects of the Olympics wear off.

They fear the eurozone crisis and a Greek exit early next year could push the country back into recession next spring, the Sunday Times reports. Their warnings comes despite ratings agency S&P's decision to retain the UK's prized AAA credit rating as it expects the economy to return to growth next year. The Sunday Times reports many economists have been downgrading their forecasts for Britain following shock data released by the ONS last week. This showed the sharpest quarterly decline in UK GDP since the first three months of 2009. The recession is now the longest since records began...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot