AWL conference 2008

What Now for the World Economy?

Submitted by martin on Fri, 15/02/2008 - 16:38
Bear Stearns

Document Of AWL Conference 2008

1. The UK has not had an actual recession since 1990-2. Manufacturing went into recession in 2001, but not the whole economy. People under the age of about 30 generally have no living memory of a recession.

We do not know whether the recession now underway will spread into a full-scale world recession, or how big the effects in Britain of a world recession may be. But there is a serious probability of a serious downturn.

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