Bank Publishes Deeply Despondent Economic Forecast for 2020. Optimistic Predictions For Recovery Are Made Through A Glass Darkly The UK economy will contract by 25% in the Second Quarter 2020 the Bank of England cautioned today, before staging a recovery “relatively rapidly” through the second half of the year, assuming lock down restrictions are significantlyContinue reading “Bank of England Prophesy Worst Economic Slump in 300 Years.”
Tag Archives: recession
Eurozone Fiscal Fault Lines
The vexed question of pan Eurozone bond issuance sits at the epicentre of the vainglorious Euro project. No currency area can function coherently or sustainably without a central treasury and the political unity this represents.