Eldridge Financial Blog: UK in recession again as recovery is ‘paralyzed’ by the European debt crisis, forecasted.

Eldridge Financial Blog: UK in recession again as recovery is ‘paralyzed’ by the European debt crisis, forecasted.Britain is once again suffering a recession and unemployment risks coming closeinto three million this year as forecasted by the leading economic forecaster. The UK’s economic recovery is ‘paralyzed’ by Europe’s debt crisis, the Ernst & Young Itemclub will warn, as it cut its GDP growth forecast from 1.5 per cent to 0.2 percent.According to Eldridge Financial Blog,the dire prediction comes after nine European countries including France, have had their credit ratings downgraded on Friday, dropping world stock markets into » Eldridge Financial Blog: UK in recession again as recovery is ‘paralyzed’ by the European debt crisis, forecasted.