Monday, December 10, 2012

Britain's business minister sees risk of triple-dip recession





British business minister Vince Cable said Britain could fall back into recession for a third time since the 2008 financial crisis but expected the economy to stagger on with minimal growth.


In an interview published on Sunday, Cable, one of the most senior ministers in the coalition’s junior Liberal Democrats, said Britain could also face a Japanese-style stagnant “lost decade”.









via Business feed http://www.scmp.com/business/economy/article/1101876/britains-business-minister-sees-risk-triple-dip-recession

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