Written by sgilroy | 20/10/09 11:24
Vistage UK speaker Roger Martin-Fagg has released his October 2009 economic update for the UK, available to Vistage UK members
In the report Martin-Fagg says there's no quick, or even slow-paced recovery on the horizon. He projects a "W-shaped" recovery. In this scenario the UK will have a second leg of decline, not quite as severe as the first leg. That second leg will come as the government money tap (i.e. quantitative easing) is turned off.