The UK has a seven-in-ten chance of slipping back into recession unless European leaders can find a resolution to the debt crisis, a new report argues.
Even if a solution is reached quickly, the chance is as much as 50%, the National Institute for Economic and Social Research said. Eurozone leaders are due to meet at a G20 summit later on Thursday with fresh uncertainty hanging over the three-pronged rescue deal reached last week, which was designed to ease the region's debt burden. Greece's finance minister and prime minister appear to be at odds over the bailout package. Meanwhile, China said it will not invest in the European Financial Stability Fund (EFSF) - a key part of the rescue solution - until the situation with Greece has ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
