News
Brace yourselves as is dubbed the year of living dangerously
www.proactiveinvestors.co.uk
[Proactive Investors UK] - Former Bank of England rate setter Willem Buiter, now an economist at Citibank, is predicting a recession in the Euro-area and zero growth here in the UK. Meanwhile, bank funding will remain a problem and there are emerging signs of a new credit crunch
Google News: World economic outlook darkens
[Financial Times] - Willem Buiter, chief economist of Citi, argues that even with modest expansion, “we do not expect that US growth will be strong enough to pull unemployment materially lower in ”. So long as Europe staggers along, most important to the continuing
Whatever's next, business tries to prepare
www.standard.co.uk
[Evening Standard] - The most apocalyptic version of this view came last week from Willem Buiter, a former member of the Bank of England's monetary policy committee, now working for Citigroup. He warned of "a global depression that would last for years, with GDP falling by
Unemployment could hit 20pc if eurozone splits
www.telegraph.co.uk
[Telegraph.co.uk] - Citigroup economist and former central banker Willem Buiter has warned that a fully blown breakup of the eurozone could spell a global depression with unemployment of 20pc and economic pandemonium. Willem Buiter, former Bank of England policy maker
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