TITLE

UK recovery lags as debt levels put AAA rating at risk

AUTHOR(S)
Eschenbacher, Stefanie
PUB. DATE
July 2010
SOURCE
Fund Strategy;7/19/2010, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the slow economic recovery in Great Britain as unsustainable levels of government debt have put the country's AAA rating at risk. It states that the effects of fiscal tightening could put the recovery at risk and may lead the country to fall back into recession after spending cuts and tax increases will take effect. It notes that after six quarters of recession, the economic growth has returned very slowly.
ACCESSION #
52547878

 

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