CITY VIEWS: WHEN DO YOU THINK THE ECONOMY WILL COME OUT OF RECESSION?
SIMON DUKE LLOYD’S OF LONDON
“I expect that by the end of next year we will see signs that the recession has ended, particularly because we’ve already hit bottom. It will take time for new jobs to surface and previous jobs to return, but I think the recovery process is underway.”
MARK STOOP BEAZLEY
“I think the Christmas period will help to boost the economy and we’ll start to see signs of recovery. I would expect the momentum from the holiday season to carry over into next year as consumers regain confidence, marking an increase in retail sales.”
THOMAS BEASLEY QBE GROUP
“I think it will be at least another year and a half before we will be able to genuinely say the recession has ended. In the next eight months or so we might start to see signs of a recovery in some areas, but businesses in other areas may struggle.”