Are we over the worst of the recession?

Wednesday, June 24, 2009 | Posted by: Fiona Cullinan
Categories: Economy | Tags: business, recession, Alistair Darling, recovery, forecast, CBI, outlook, Mervyn King, Institute of Directors

In January business minister Baroness Vadera talked of ‘a few green shoots’ of recovery. This week chancellor Alistair Darling and Bank of England governor Mervyn King suggested a UK recovery as early as the end of 2009.

But a homepage poll on the Institute of Directors’ online magazine, which put the question ‘Are we over the worst of the recession?’, showed that 70% of respondents thought worse is yet to come.

Here’s the CBI’s June 2009 forecast on the UK’s economic outlook.

But what do you think? Has the UK done enough to stave off a deepening of the recession?