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CITY VIEWS: IS THE WORST OF THE DOWNTURN OVER?

<strong>DANIEL OLLIVER </strong> LIFE ASSURANCE<br />&ldquo;I think we are coming out of the downturn, but that recovery will be slow. Everyone is nervous about saying we&rsquo;re coming out of the slump, as they don&rsquo;t want to be seen overreacting to a market blip.&rdquo;<br /><br /><strong>DOUGLAS CHU </strong>NYSE EURONET<br />&ldquo;The institutional credit market still isn&rsquo;t working, and until it does we won&rsquo;t come out of this recession. We might be seeing a slight recovery, but I don&rsquo;t think we&rsquo;ll see an upturn until the middle of next year.&rdquo;<br /><br /><strong>JONATHAN SHAPLAND </strong>AHMED &amp; CO SOLICITORS<br />&ldquo;It&rsquo;s hard to judge, as the government&rsquo;s figures are always out of date. We need a change of government for a change in consumer confidence. The amount of debt we are now in is a serious blow.&rdquo;<br />