Economic Indicators 

Some form of recession seems inevitable

Some form of recession seems inevitable

Autumn has begun with a deluge of rain but holidaymakers will never again escape the British weather with Thomas Cook. Weighed down by debt, a worrying aspect of the 178-year-old travel giant’s demise is, in the view of Murray Gunn, head of global research at Elliott Wave International, that it happened when the economy just started slowing. Mr Gunn goes on to make the stark warning that as "the economic slump deepens, we expect many more established and historic names to disappear".

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