CITY VIEWS: IS A DOUBLE DIP RECESSION LIKELY IN 2010?
MILES ROBINSON | R K HARRISON
“It’s too early to tell but we’re not out of it yet. It’s all about liquidity and we still haven’t got any of it. Banks need to start lending again. The insurance industry is reliant on banks who use us to free up their credit capacity.”
TIM OLIVIER | EVOLUTION SECURITIES
“No. Leading indicators and business surveys in the US and Europe point to a continuing pick up in industrial production which is helping drive global economic recovery. A tightening of monetary policy too soon remains the key risk.”
GEORGE NOTT | ON THE BOX
“It’s stable now but we’re in for big changes politically in the near future. This could spark a double dip, you never know. The economy is still volatile and although I am optimistic that things will get better in the future I remain cautious for now.”