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Second recession could increase Finance Management needs

- Friday, 10 July 2009

Gordon Brown warned the world this week that it may yet face a second recession as a result of the rising price of commodities.

If the prime minister's concerns prove true, the UK may see a sharp rise in the number of people seeking debt management.

Gordon Browns revelation came as he spoke to the media at 10 Downing Street before the G8 summit.

The prime minister said that investment and unemployment were key areas in need of addressing if the world was to avoid a second downturn.

He said: "I have sounded a second wake-up call for the world economy. We must keep commodity prices at a level which enables growth to continue to happen. We must continue to invest because investment is the key to so many countries’ future … and we must do something about the … unemployed."

L'Aquila in Italy is currently hosting the G8 summit.
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