UK to Face Four Years or More of Deflationary Risk

by Benjamin Domenech on 2:38 am March 23, 2009

Britain expected to be “mired in a deflation trap for years,” economists warn. “The forecast is based largely on the bank’s prediction that the unemployment rate will soar to 10.4pc of the workforce by 2011, depressing the wider economy, and underlines the disparity between economists’ expectations for the coming years.” Maybe they should sell DVDs?

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