RECESSION LOOMS
11 01 08 - 08:52 Recession fears as manufacturing dropsManufacturing succumbed to its second drop in output in three months in
November, sparking warnings from City economists that the British industry
could slide into a new recession later this year.
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The pound has fallen to an all-time low against the euro after weak
manufacturing data underscored a gloomy outlook for the UK economy.
Sterling fell to 75.86 pence per euro, its weakest since the single
currency
was introduced in 1999.
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Anytime soon the economy will go into a recession which it will never meaningfully recover from. This is because our civilisation is falling apart.
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