NIESR report - UK to avoid slide into recession

UK - The UK will weather a sharp global slowdown and there is no reason to cut interest rates further, according to a leading think-tank.

The quarterly review from the National Institute of Economic and Social Research (NIESR) says that the UK - unlike the US, Germany and Japan - will avoid slipping into recession.

Strong public sector spending growth and recent revisions to official data, which have caused the institute to rethink the underlying strength in economic growth, mean the economy wi

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