PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 17th Nov 2008, 16:53
  #1279 (permalink)  
Wee Weasley Welshman
 
Join Date: Feb 2000
Location: England
Posts: 15,013
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If this is a re-run of the last recession then expect 1,800 experienced pilots out of work in the UK within a year and Wannabe prospects to be virtually nil for five years.


Those whom are ignorant of history have no comprehension of the future.


This recession is happening almost twice as fast as the previous one. House prices have fallen further and in less time. Sterling has fallen faster and further already. Unemployment rates are rising more steeply. Therefore there is very little reason to think that this recession is going to be milder, shorter or less painful than the last recession.

In my opinion it will be worse.

Protect yourselves.


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