Recession

MPC member Paul Fisher has warned the UK is at risk of another recession, less than two years since the last downturn.

Economist Nouriel Roubini believes the unresolved debt crisis in Europe has resulted in more than a 50% chance of a worldwide recession.

The risk of another UK recession is higher now than in recent months, according to Bank of England policymaker Martin Weale, who expects the economy to contract in the final quarter of 2011.

WEIMAR LESSONS

UK business managers are preparing for a double-dip recession and also warn the private sector will fail to replace jobs lost to public sector cutbacks.

The Federal Reserve's latest cunning plan seems to have been misinterpreted by many, but not by Mr Market. This is less of a money-printing exercise, á la QE1 and QE2, than an attempt to flatten the yield curve.

ON SPECIALIST MARKETS

Several features of the recession and financial crisis carried the label ‘extraordinary', not least the huge shifts in asset valuations.

The National Institute of Economic and Social Research (NIESR) said it expects the UK to avoid another recession but warned it now faces a bleak period of low growth.

Fund bounces back through focus on companies that have benefitted from the recession