U.K. Recession Risk Reaches 30%, Lloyds Corporate Markets Says
By Svenja O’Donnell -
2011-11-01T17:38:19Z
The probability of the U.K. falling into a recession has risen to as much as 30 percent and may increase further, Lloyds Bank Corporate Markets said in an e- mailed statement. The unit of Lloyds Banking Group Plc (LLOY) forecasts growth will slow to 0.1 percent in the fourth quarter from 0.5 percent in the three months through September.
To contact the reporter on this story: Svenja O’Donnell in London at sodonnell@bloomberg.net
To contact the editor responsible for this story: Scott Hamilton at shamilton8@bloomberg.net
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