Thursday, July 1, 2010
Adam Posen yesterday said that the economy could be at a tipping point
Bank of England interest-rate setter Adam Posen yesterday said that the economy could be at a tipping point. Mr Posen commented in a speech that he had "laid awake for a number of nights" worrying about the state of the economy. He said: "The UK economy is potentially switching between two states a recovery, which we are now in, albeit perhaps an initially weak one ... and the renewal of a severe recession if not outright deflation."