The UK may finally have exited the worst recession since World War Two, but do not be fooled, tough times loom, experts say.
GDP rose 0.1% for Q4 2009, the Office for National Statistics announced today. The figures mean the UK has officially left recession, albeit six months after Germany and France. Financial industry experts are welcoming the increase, but warn the champagne will need to stay on ice for some time to come. Azad Zangana, European Economist at Schroders, says: "The 0.1% rise in GDP growth in Q4 was far lower than city consensus of 0.4%. "Today's data indicates the start of an extremely fragile recovery, which has been highly reliant on support from fiscal and monetary policy. We estimate ...
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