How vulnerable is the UK corporate sector to a slowdown? |
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Signs of slower corporate activity increase... The combination of tighter credit conditions in Q2, as shown in the Bank of England’s latest report on lenders and a fall in the services, manufacturing and construction Purchasing Managers’ Indices (PMI) further below 50 – the level below which output is generally declining – has intensified concern about the likelihood of recession in the UK. Of course, this debate is not new, ever since the credit crisis broke in mid 2007 there has been worry
Filed under: Fundamental
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