Salient to Investors:
The NIESR said:
- Britain will grow more slowly in 2013 than previously forecast and stagnation may persist: 0.7 percent in 2013 and 1.5 percent in 2014.
- Britain is in its slowest post-recession recovery in 100 years and GDP won’t regain its previous peak until 2015.
- Net debt will peak at 85 percent of GDP in the 2016–2017 fiscal year.
- The recovery would best be supported by a significant increase in public-sector net investment, with looser fiscal policy in the short-term.
Simon Kirby at NIESR and all 43 economists in a Bloomberg survey expects the BoE to leave its bond-buying stimulus program on hold.
Read the full article at http://www.bloomberg.com/news/2013-02-05/u-k-economy-faces-risk-of-prolonged-stagnation-niesr.html
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