Financial Times FT.com

‘Double-dip’ recession remains risk, says ONS

By Daniel Pimlott, Economics Reporter

Published: October 13 2009 23:19 | Last updated: October 13 2009 23:19

The UK risks a “double-dip” recession because the forces now sustaining the recovery are likely to prove fragile, according to an analysis by the country’s official statistics body.

In its monthly survey of the economic landscape, the Office of National Statistics said that, despite signs the UK was on a path back to growth, prospects were muted as consumers, business and government all struggled to pay down debts, unemployment rose and banks resisted lending.

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