UK Triple Dip Recession Avoided
Great news that we have avoided triple dip recession but does this just mean that we are back where we were 6 months ago?
As with most things there are winners and losers. The Service sector growing by 0.6% in the quarter but Construction activity fell 2.5%, remaining 18% lower than it was before the credit crunch began in 2008.
This would certainly appear to be supported by the clients we have been involved with in recent months, a high percentage being in the Construction industry.
It has recently been reported that the business population has shrunk by 7% but statistics show that the total number of formal insolvencies is now easing up. Perhaps things are finally taking a turn for the better?
Usually it is the period immediately after recession that creates more insolvencies however we see no sign of that presently
As with most things there are winners and losers. The Service sector growing by 0.6% in the quarter but Construction activity fell 2.5%, remaining 18% lower than it was before the credit crunch began in 2008.
This would certainly appear to be supported by the clients we have been involved with in recent months, a high percentage being in the Construction industry.
It has recently been reported that the business population has shrunk by 7% but statistics show that the total number of formal insolvencies is now easing up. Perhaps things are finally taking a turn for the better?
Usually it is the period immediately after recession that creates more insolvencies however we see no sign of that presently