Furley Page Blog

So what has happened? Initially economic data from the year’s second quarter was not as good as expected. Indeed the Bank of England, already having reduced our growth expectations to 1.7% this year, has reduced it further to 1.4%. the market doesn’t like surprises like that. It also caused some economic commentators to talk about a second recession.  I believe the majority opinion, however, is that this is unlikely to happen.

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