views

UK recession close to the end

The UK recession is expected to end within just three months, but the outlook is still bleak for the Eurozone, whose economies can expect to remain in decline until 2010, according to figures from accountants BDO Stoy Hayward. The BDO Output Index, which measures short-run turnover expectations and order book strength, has seen the largest monthly increase in 13 years, rising from 92.3 in June to 95.1 in July.  The 95 benchmark signals flat GDP ahead and a considerable improvement to the sharp declines recorded recently.