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...despite the alarmist headlines, most economists are not expecting a repeat of the 1930s depression. The last two recessions lasted for 15 months and City forecasts are suggesting a similar timeframe this time around. Analysts at investment bank Dresdner Kleinwort expect the economy to come out of recession in the third quarter of the year.
...despite the alarmist headlines, most economists are not expecting a repeat of the 1930s depression. The last two recessions lasted for 15 months and City forecasts are suggesting a similar timeframe this time around. Analysts at investment bank Dresdner Kleinwort expect the economy to come out of recession in the third quarter of the year.
