Recession; worse to come

Story link: Recession; worse to come

The financial regulator has warned that the economic recession that we currently find ourselves in could get even worse and could go on for a lot longer than many economic analysts expected, due to factors that have suggested a negative stretch is ahead.

Recession; worse to come

Britain’s recession could be deeper and last longer than expected despite economic rescue plans, the country’s financial regulator warned Monday.

The Financial Services Authority released its Financial Risk Outlook saying the risks to the British economy are “weighted to the downside and, while the effects of fiscal stimulus and monetary easing remain unclear, the recession may be deeper and more prolonged than expected.”