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Growth this year will be strong, and will endure into 2007, driven by company profits and investment.
We know as much because the Treasury, the International Monetary Fund and other economic authorities have told us so. And, indeed, the consensus forecasts show that growth in 2007 will be 2.4pc, following strong expansion of 2.6pc this year.
But what if that bearish friend of yours happened to be a respected City economist - one whose figures were watched closely by a variety of institutions, including the Treasury?
Peter Warburton, who runs a small consultancy called Economic Perspectives, believes that the UK will slump into a full-blown recession next year, shrinking by some 0.3pc over the 12 months. This would be the worst economic performance since 1991, the last recession, which came amid Britain's ignominious ejection from the European Exchange Rate Mechanism.
Originally posted by infinite
You really couldn't help mentioning the Tories, could you?