Looking ahead for the next 12 months, David Smith finds reasons to be concerned but also one or two arguments for some mild optimism. Plus John Hawksworth (below) considers whether the economic outlook
includes modest growth or double dip.
This is the time of year for looking forward and rarely has that task been trickier. We have learned over the past four to five years that what would previously have been regarded as impossible can become a reality. Who would have thought that we would see Bank rate at 0.5% the lowest in more than 300 years of Bank of England history and significant parts of the UK banking system either owned or propped up by the state?
So...
