Gloom Warning Comes 'W-Shaped'

Summary


The economy looks to be heading for a second spell of recession despite signs of recovery, a business survey has found.

The warning came last night from Begbies Traynor, the business rescue, recoveryandrestructuring firm, which said the findings bear out experts who predict a "W-shaped", or "double dip", downturn.

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Extract


Gloom Warning Comes 'W-Shaped'

The assessment follows the release ofBegbies' "Red FlagAlert", amonitor of early warning signs of company distress.

The firm said that the ...

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