CBI Tells Us That The Recession Is Over
The Confederation of British Industry has declared that Britain has probably come out of recession. However, the economy will not grow for sometime, and it will still be 2011 before we are likely to see real economic growth once again. Obstacles to growth continue to be poor cash flow and a lack of domestic demand for British products.
The British economy declined by 5.5% over the last15 months, but that decline seems to have ended. The Bank of England are in agreement. It is still soon to say that we are on the road to recovery, but the we do appear to have hit the rock bottom, which means in theory things will not get worse.