Are we facing a 'double dip' recession?

Simon Brett, head of investments, Parmenion A couple of years ago, governments and their central banks averted a financial crisis from becoming a depression. Record-low interest rates and quantitative easing were used to pump economies with money. GDP growth in the UK turned positive and officially came out of recession. However, recent bad news has led to fears of a “double-dip” recession. There are two related arguments for a double-dip recession. First, the high levels of Greek debt with talk of sovereign default highlighted the weaknesses of a common currency across disparate nation...