CITY VIEWS: COULD THE US CREDIT OUTLOOK DOWNGRADE TRIGGER ANOTHER CRISIS?

ASHLEY KEET | CLARKSONS

“No, I think the institutions are better prepared, but funding will be more expensive now. Obama is not taking the hard line like the UK has, but their recovery looks more stable.”

MATTHEW PAIN | NEWLINE GROUP

“Yes, I think there are many indicators of a possible double dip recession in the US. I’m surprised the UK didn’t get downgraded as well after posting its growth figures for 2011.”

DANIEL MELTZER | PLEXUS LAW

“Yes. It could, because it damages market confidence.
And Obama has his share of responsibilities – his administration is not managing the day – it’s not taking tough decisions.”