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Thursday, 11 November 2010

UK 'will recover steadily' from recession

The UK's recovery from the global economic downturn will be slow but steady, one sector expert has predicted.

David Kern, economic advisor at the British Chambers of Commerce, said that he feels the government's austerity measures are "a tall order" but will help the country on its way to full economic recovery.

It follows a report from PricewaterhouseCoopers which estimated that UK public and private debt is projected to top £10 trillion by 2015.

Mr Kern said he "broadly aggress" with the figures, but noted that the country will be in a better position than ever, despite the losses incurred as a result of the recession.

"I think we are going to come to a place where we can achieve steady growth, but from a lower base. I think that it will take about four or five years," he added.

It comes after Stephen Overell, associate director of the Work Foundation, pointed out that growth is returning to the retail sector and this will eventually lead to staff, including those in sales recruitment positions, receiving pay rises.

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Posted by John Oak and Wayne BlyADNFCR-1617-ID-800230902-ADNFCR

Source: The Sales Director News

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