PPRuNe Forums - View Single Post - Defence: Public ignorance, the media, and cutbacks
Old 28th Jun 2009, 16:58
  #355 (permalink)  
minigundiplomat
 
Join Date: Dec 2007
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The economy should start to grow from early 2011. Forget next year, though contraction will slow down over the course of the year.

2011 will see a small rise in GDP early on, leading to modest growth later in the year as the housing market, retail and manufacturing follow in it's wake.

However, public services are running about 18 months behind the private sector, meaning at the depth of public service 'recession', and in the midst of Tory spending cuts, people will be tempted into the private sector as they begin to recruit again.

(Thus returning some of those employed in the public sector to the role of wealth creator, rather than Zanu Labours efforts to employ the entire UK population in the public sector).

All will be ok, but it's 18 months away as I see it.
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