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Montevideo, May 6th 2024 - 23:41 UTC

Tag: Peter Spencer

  • Tuesday, April 20th 2010 - 14:42 UTC

    UK economy recovery forecasted towards the end of 2011

    Peter Spencer is Professor of Economics at the University of York and Economic Adviser to the Ernst & Young ITEM Forecasting Club

    Prospects for the UK's economic recovery remain poor this year with output growth of 1% or less predicted in 2010, a leading forecaster has warned. It also suggested that although consumer spending is on the rise, it will remain too weak to sustain a recovery this year as consumers try to pay off debts as quickly as possible.