Hey People! Will Next week be official confirmation that the recession has ended?
There are signs that the UK economy is improving. Even Google on Thursday declared the worst of the recession over. This has paved the way for a return to heavy spending on expansion. Google has reported a surprisingly strong 8% jump in net revenues in its latest quarter.
The UK latest unemployment figures were not quite as bad as expected, house prices appear to be strengthening, September retail sales were up a tad, and mega bank bonuses are back!
Whether the UK has officially emerged from recession still hangs in the balance. We won't know for sure until third-quarter GDP figures are released on Friday next week. Analysts are forecasting breakneck growth of 0.1% compared to the previous quarter.
Well your call and when its out in the open, there'll a euphoria and a sudden out break of beyond our imagination explosion... yes the market will see another steep uptrend.
Tj
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