Deloitte predicts slow economic recovery

first_img Tags: NULL Sunday 31 October 2010 11:06 pm More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com THE economy will grow by 1.5 per cent this year and by only one per cent next year, according to a report published today by Deloitte, which also warns the risk of a double dip recession has not disappeared.Roger Bootle, economic adviser at Deloitte, says in the latest issue of its Economic Review that companies that provide goods and services to the public sector are likely to be hit hardest by a reduction in government spending following the Comprehensive Spending Review. He adds retailers are also likely to suffer heavily as household income is squeezed by a combination of tax rises, the public sector pay freeze and job cuts. Deloitte says corporate balance sheets are less stretched than household and public sector budgets while the recent rise in business investment is encouraging.But Bootle adds: “It seems unlikely that the corporate sector will be able to offset the weakness in the rest of the economy, especially when a weak global recovery is set to prevent exports from taking full advantage of their increased competitiveness. The economic recovery is set to remain sluggish at best.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic Mirror KCS-content center_img Show Comments ▼ Share whatsapp Deloitte predicts slow economic recovery whatsapplast_img