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Fri 10 Oct 2009Good news on the economy should be treated with caution
ECONOMICS:It is too early too call an end to the recession and when recovery comes it will be slow
NIGEL LAWSON, who was British chancellor of the exchequer in the late 1980s, once famously dismissed financial sector analysts as “teenage scribblers”. He was moved to coin the insult at a time when economists in the City of London were broadcasting a rather more downbeat view of the British economy than that being promulgated by the treasury, with unwelcome consequences for sterling and UK government bonds.
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