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Recession fears - signals from the real economy

3rd July 2008
This eleven minute report from the Today programme is fasincating ... looking at real signals from construction, retailing and advertising. James Naughtie interviews M&S Chairman Sir Stuart Rose, Nick Edwards, of Construction News, and businessman Sir Martin Sorrell. All recessions are different but they all have a proximate cause… a tipping point when expectations change and both businesses and consumers change their behaviour and simply stop spending and producing as much as they had become accustomed to.
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