Recession, recovery and systems: What’s your view?

Posted by Gina Dyer on Wed, 23/09/2009 - 17:06 in Blogs 1102 3 comments | report

Even the experts can’t agree on how economic recovery is likely to come to fruition, but we want to know what you think…and we’re giving away an an Aston Martin V8 Vantage for the weekend!

This week the Confederation of British Industry (CBI) predicted that the UK’s economic recovery would be ‘fragile, slow and protracted’, with GDP expected to shrink by 4.3% in 2009, and grow by 0.9% in 2010. Unemployment is expected to peak at 3 million in the second quarter of next year.

However, it’s not all bad news. “Armageddon has receded a bit over the horizon”, CBI’s director general Richard Lambert told The Independent. “The outlook is improving as the UK draws strength from quantitative easing, a weak pound and a recovering global economy. Although growth this quarter should mark the end of the recession, conditions will remain tough for some time yet and it is difficult to see where demand growth will come from”.

There’s disagreement among C-suite professionals about which form the recovery will take, with some suggesting a ‘V’ shaped turn of fortunes, while others favour ‘W’ or even ‘L’ shaped growth curves. (Whoever is right, I’m sure they can all agree that anything is better than pear shaped!)

What’s your view? Has the recession affected your business and the systems you use?

Please take a few minutes to complete our ‘Business: Recession, recovery and systems’ survey.

Not only will we share the research findings with you, but we’ll also enter you into a prize draw to win an Aston Martin V8 Vantage for the weekend!

Comments

economic recovery

Christian | Wed, 23/12/2009 - 08:29 | Permalink

Forecast is just a prediction I do believe that recovery will still rely upon us. It could have been better if together with the economic plan are efforts to make it happen. Despite of the bad economy keep on moving. Stay positive. Check and balance will help to implement recovery programs. One of the current topics of great speculation is how long it's going to be until the global economy begins economic recovery. That's difficult to say – though there are signs that it is already underway. For instance, the great indicator is US retail sales, since the US is the world's largest nation of consumers, and they are trending upward slightly. It doesn't mean a cash advance from a few more iPod's being sold is going to amount to anything – the real key is decreasing unemployment.

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