Is the UK facing another recession in 2012?

The risks are rising Jeremy Batstone-Carr, chief economist at Charles Stanley At present it is not our base case scenario that the UK economy will enter another recession in 2012 but the risks of such an event are clearly rising.  By contrast we are already forecasting a long and potentially deep recession in the eurozone and given close ties between the region's fortunes and our own we would concur with the OBR that a high probability should already be ascribed to the likelihood of negative UK output growth, particularly over the first part of the year, but maybe longer. The Chancel...