Link to the article: Channel 4 News
The US Federal Reserve says it will "do all that it can" to prevent a double-dip recession as US growth is revised sharply lower. David Blanchflower explains how this threatens UK economic growth.
Mr Blanchflower, former Bank of England policymaker, said all the evidence from 2008 shows that a few months after the US went into a deep recession, the UK followed. The UK economy posted its best quarterly performance in almost a decade today. Output in the UK grew by 1.2 per cent during the second quarter of 2010, the Office for National Statistics said, surpassing previous estimates of 1.1 per cent gross domestic product (GDP) growth.
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