The financial industry has argued that a Centre for Economics and Business Research report - which announced that poor current economic conditions will mean 20,000 UK jobs will go over the next 18 months - is too gloomy.
Douglas McWilliams – a co-author of the report – said: “The equity market readjustment is much more fundamental than that of 1998. Expectations for profits are still out of line with any realistic ...
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