BoE says it can’t predict slumps as Posen warns of more pain to come

first_img BoE says it can’t predict slumps as Posen warns of more pain to come KCS-content Wednesday 27 October 2010 8:52 pm THE Bank of England cannot predict major recessions with any “precision”, the deputy governor admitted yesterday. Conceding that the Bank failed to forecast the “great contraction” of 2008 and 2009, Charles Bean said that only policy-induced recessions, such as those introduced to reduce inflation, were predictable, while in other cases the best policymakers can hope for is to “be more alert to the vulnerabilities” building up to a crisis.Bean’s frank comments to the Royal Statistical Society came as fellow MPC member Adam Posen warned of further pain ahead for the UK economy. In an interview with The Times, Posen said that the coalition’s deficit-cutting plans will deliver a “material” hit to British economic growth over the next two years. whatsapp Show Comments ▼center_img whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Tags: NULLlast_img read more

The Union Sugar Estates Co Ltd (UNSE.mu) Q12016 Interim Report

first_imgThe Union Sugar Estates Co Ltd (UNSE.mu) listed on the Stock Exchange of Mauritius under the Agri-industrial sector has released it’s 2016 interim results for the first quarter.For more information about The Union Sugar Estates Co Ltd (UNSE.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the The Union Sugar Estates Co Ltd (UNSE.mu) company page on AfricanFinancials.Document: The Union Sugar Estates Co Ltd (UNSE.mu)  2016 interim results for the first quarter.Company ProfileThe Union Sugar Estates Co. Limited specialises in growing and cultivating sugarcane amongst other agricultural products. The company has, however, diversified into agro-industry, tourism, IT services and trading. The Union Sugar Estates Co. Limited is listed on the Stock Exchange of Mauritius.last_img read more