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The figures for the last quarter of 2009 have just been released, and with growth of the UK economy of 0.1%, the country is now officially out of recession. But only just! Financial experts thought we would have growth of at least 0.4%, so 0.1% is a bit of a disappointment. The other factor to bear in mind is that this figure is the first estimate. Over the next few days and weeks, more data will be available to analysts, and as the data comes in, revisions will be made. Most revisions are usually between 0.1-0.2%, and that works either way. So it is important to remember that this figure could go either up or down.
As a business, we have to look past that and promote to the consumer that the UK is officially out of recession. Positivity and energy is going to be the key here. The better we push the end of the recession, the more positivity we can convey to people.
More specifically with our industry, I think most of us are noticing a much improved sector compared to last year.
