Economist Intelligence Unit: Double Dip Only 30% Likely But Rates On Hold Till 2012

By Economist Intelligence Unit, PRNE
Tuesday, August 17, 2010

LONDON, August 18, 2010 - Corporates are looking too healthy to cut back on growth, making a
recession less likely, though growth is set to slow more than was expected,
according to the Economist Intelligence Unit.

In his monthly Global Forecast programme broadcast on, EIU Editorial Director and Chief Economist Robin Bew
says that even though the fiscal stimulus provided by governments is being
reined back, companies are unlikely to scale back their plans at this stage.

Interest rates, though, will not rise until 2012 given the lower growth,
he adds.

"We think monetary policy will be on the sidelines for a long time and if
you think about what's going on right now, governments are starting to think
through the fiscal stresses that they're experiencing."

The interview and transcript are available now on, the online financial broadcaster, features in-depth
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