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"It's not clear to me when Greece returns to growth under this policy mix.
If the economy returns to growth stronger and faster than Treasury forecasts, the job losses could be smaller.
As London returns to growth, questions must surely be asked about how this situation can be ameliorated.
Some predict that the benchmark rate could stay at its present level for an extended period as the euro zone slowly returns to growth.
On Sunday, the Greek finance minister, George Papaconstantinou, forecast a deeper than expected recession of 4 percent for 2010 and 2.6 percent in 2011, before the economy supposedly returns to growth of 1.1 percent in 2012.
"The scale and depth of our business will enable us, simultaneously, to satisfy the demands of an increasingly stringent regulatory environment and the ever-changing needs of our clients as the region returns to growth," said Christine Ong, head of UBS Wealth Management in Singapore.
Similar(49)
True, the economy has returned to growth.
The return to growth is fundamentally about productivity.
More importantly, the company promised a return to growth this year.
Brazil returned to growth after a big devaluation in 1999.
So will this winter see a return to growth?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com