We are told that this is the longest recession ever experienced by the UK since records began. The UK economy is reckoned to have shrunk by 4.75%. The chancellor is likley to stick to his forecasts of 1-1.5% growth next year.
We are also being told that other countries are coming out of recession, France, Germany, the US & that economic powerhouse Slovakia. I'm not here to debate what we aren't doing that they all are but rather to ask the question, when will it all end ?
My fledgling training busines has noticed an increase in demand for my services over the last 2 months. Am I a microcosm of economic recovery ? Let's hope so.
The statistics are encouraging. Retail sales up by o.4% (according to the ONS). The latest survey by the purchasing managers index showed that manufacturing output increased at its fastest rate for over 2 years. Job losses seem to have stabilised too.
Fingers crossed for 2010 & beyond. Do any of you have a view or a reliable crystal ball?
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