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

LONDON, August 18, 2010 /PRNewswire/ -- 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 http://www.cantos.com, 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 http://www.cantos.com/eiu.

Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email [email protected] or phone +44-207-936-1352.

SOURCE Economist Intelligence Unit

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