UK economy stress predicted due to US slow growth

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8/14/11, "Bank of Scotland warns US concern could hit jobs boost," BBC

"A Bank of Scotland survey said the number of jobs grew in July, but warned growth could be hit by concerns over the US economy and eurozone debt.

A forecast by the Chartered Institute of Personnel and Development and KPMG painted

• a similar picture, UK-wide.

The survey suggested manufacturing, in particular, was being hit hard....

Bank of Scotland chief economist Donald MacRae, said:..."There was a rise in the number of people placed into permanent work, bringing the current period of growth to 10 months.

"However, it will be difficult to maintain improvement, given the concerns over sovereign debt in the eurozone

• and slowing growth in the USA.""...

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