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Monday, January 04, 2010

Double Dip

Deloittes has released the results of its survey of chief financial officers of the UK's leading companies. In summary, the CFOs are optimistic that there will be an economic recovery this year.

However, that recovery will be weak and 48% of those surveyed believe that there will be a double dip recession.

The "good news" is that, in the event of a double dip, the balance sheets of these companies are strong enough to withstand it.

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