The UK is at greater risk of tipping back into other recessions than other regions of the world, with the country facing headwinds from the coalition government’s plans to slash public debt, the chief investment officer of Iveagh Private Investment House says in a new weblog commentary.

Cambiz Alikhani was, like so many of his peers, commenting on the prospects for a “double dip” recession in the global economy and trying to predict which regions are at greater risk from such an outcome. He was giving his views on a new website.

Iveagh Private Investment House is the Guinness family office and retail asset management company.

“Over the last few months financial markets have been pre-occupied with one key macro question: are we likely to see a double dip recession ahead? Our proprietary forecasting tools paint a very interesting picture with not much good news for those of us living in the UK,” he said.

“Our research shows that out of the seven major regions of the world that we analyse, the UK is by far the most at risk of a double dip recession but that the threat of this is limited (at least for the time being) in the rest of the world,” Alikhani said.

He said forecasts show that the UK will have the lowest nominal growth rate (1.3 per cent year on year) within the seven regions in three months’ time, with growth having decelerated by 0.4 per cent.

“Of particular significance is the fact that the coalition government in the UK is due to announce next month the most aggressive budget cuts since the immediate aftermath of World War II. Once these begin to be implemented, they will only exacerbate pressures on an economy that will already be weakening,” he said.

Alikhani is by no means the only chief investment officer to use the Web 2.0 technology to share thinking with a wider audience; another notable investment professional using blogs for such purposes is Jeremy Beckwith, CIO at Kleinwort Benson. For Alikhani’s site, click here; for Beckwith’s site, click here.