CITY VIEWS: HOW DO YOU FEEL IN LIGHT OF HSBC BOSS MICHAEL GEOGHEGAN’S WARNING OF A DOUBLE-DIP RECESSION?
PATRICK CROSS THOMSON REUTERS
“We’re definitely heading into a recovery, technically speaking, but it is unwise to get too confident, too soon. Consumers need evidence of improvement before they’ll head out to the shops. A double-dip recession is a possibility, if confidence doesn’t rise.”
JEREMY LEIVERS HALLIWELLS
“We could certainly see a double dip, but the second slump won’t be as severe as the first. Rather than being concerned about that, however, the bigger worry is our national debt. It will take a long while before we see a real return to prosperity.”
TOBY STEPHENS HOLMAN FENWICK WILLAN
“A second dip is realistic, but it won’t be as severe as the first. It isn’t necessarily a bad thing, either. People have learnt from the downturn, and now know how to avoid it in the future.
To hope for an unhindered upwards curve is unrealistic.”