According to the TUC:
If the Government and Bank of England's stimulus programme was to be replaced by public expenditure cuts to reduce the deficit, the result would be a 'double-quick double dip' recession.
Speaking ahead of the TUC conference, which starts today (Monday 14 September 2009) in Liverpool, TUC general secretary Brendan Barber said:
A double-dip recession would not just be deeper - but also longer. Prolonged mass unemployment would not just do economic damage, but would have terrible social effects. I don't think that Britain is broken, but this would be one way to break it.
As we recently reported, an increasing number of economic commentators now fear that a "double-dip recession" - in which the current tentative signs of recovery grind to a halt and the economy relapses back into recession - is a distinct possibility.
| Tweet |
|
| Permalink | Email this |
