PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 20th Jul 2009, 06:30
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quant
 
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Economic recovery in UK 'on hold'

Some interesting imformations on site for new pilot may bee I not want to start so soon my studys?
that's really up to you! oil is forcast to drop to nearly $20/barrel later on this year (probably won't be quite so dramatic) so i think it's a golden opportunity to start training...

The UK economy is set to shrink by 4.5% in this year, the biggest fall in a single year since 1945, according to an influential think-tank.
The downbeat forecast is more pessimistic than the consensus view, and considerably worse than the 3.5% fall predicted by the government.
The Ernst & Young Item Club also warned that hopes of economic recovery are "running ahead of reality".
It does, however, predict a return to modest growth of 0.5% in 2010.
BBC NEWS | Business | Economic recovery in UK 'on hold'
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