BBC: Think tank says 'no double dip'
The sharpest downgrade is for next year. It cut its growth forecast for 2011 to 3.4% from the 4.1% it had predicted just three months ago.
Although US manufacturers have increased their output over the past year, the CEBR does not expect the level of growth caused by the end of destocking to last.
3 comments:
We don't need a dip were bouncing along the bottom going nowhere.
That is the best description I've heard yet, "bouncing along the bottom."
I like it.
I wish I did but my butts sore from bouncing.
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