Britain Looks Headed for Recession
A series of new indicators suggests the economy is slowing much more sharply than previously thought
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Britain is now at "serious risk" of a full-scale recession, the British Chambers of Commerce warned today, as a series of new indicators suggests the economy is now slowing much more quickly than had previously been thought.
In particular, the BCC said that the services sector is experiencing a sharp downturn, publishing figures that show more firms saw a fall in the number of orders during than the second quarter than a rise, the first time this indicator has turned negative since 1990.