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IS THE UK RECESSION SET TO END ALONG WITH FRANCE’S AND GERMANY’S?
DAVID BUIK BGC PARTNERS
No, we are behind the curve. There is little doubt that the two main players from the EU have more balanced economies. Conversely, the UK has tended to neglect manufacturing output and industrial production.
JEREMY BATSTONE-CARR CHARLES STANLEY
No. It goes without saying that the Bank of England clearly does not share the general view in the stock market that there will be a ‘V’ shaped economic recovery. Inflation is still forecast to undershoot its two per cent target.
NEIL DWANE ALLIANZ GLOBAL INVESTORS
Analysis by the Bank of England and Federal Reserve of developments in the short term is in stark contradiction to the more exuberant sentiment now fuelling the extension to the July market rally.