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Have You Seen Any Green Shoots?
By plrprousers | February 25, 2010
I have read various reports in recent days stating that we may well be through the worst of this current recession. Over the last couple of weeks I have been asking my business contacts whether they have started to see any of those green shoots, the famous starting sign of a recovery. Here is what they said:
Out of all of the people that I asked or surveyed for want of a better word only fifteen percent stated that they had seen the first signs that things were starting to improve. I would have preferred it if this percentage had been some what higher. I personally do think that things are starting to slowly improve, with slow being the operative word. This recession has cut quite deep and any wound this deep can not heal overnight.
More surprising and perhaps worrying is the fact that sixty percent of those people interviewed thought that the economic situation had become even more severe over the last three months and that their businesses were finding it increasingly tough.
I am by no means an expert in the field of the economy however I do have a number of business interests including ones where people are able to obtain quality front doors from a composite door company and also advising about training for foster carers. My main expertise however is with helping people to obtain cheap holidays.
So when can we expect the recovery to really start in earnest? Well this answer is, of course, very difficult to answer and calling the bottom of the market can only ever be guess work. I will however give my opinion, for what it’s worth. I have my own opinions that 2009 will continue to be a struggle, that we will see improvements in 2010 and that 2011 may well be a much more fruitful year.
The above opinion is given due to what we already know, if there is a lot more bad news out there of which we have not yet been told of then this opinion will no doubt have to be reviewed.
Tags:a tough year,calling the bottom of the market,cost reduction consultants,economic situation,recessionRelated posts
Topics: Finance | 1 Comment »
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