Ten things to look out for if UK is heading for economic recession | Larry Elliott
by Larry Elliott from on (#45Z5S)
Crashes seem to come round once a decade. Are we looking down the barrel of a new one?
Recessions are always easy to spot in retrospect. With the benefit of hindsight, it is always easy to identify the warning signs of serious trouble ahead.
Correctly forecasting recessions in advance demands a higher level of skill, as the Bank of England found in 2008 when it mistook the biggest slump since the second world war for a temporary growth slowdown.
Related: Never mind the Brexit sideshow - recession is the real worry | Larry Elliot
Continue reading...