In Reply to: economic recovery posted by Crystal Ball on April 09, 2009 at 21:38:04:

The Uk Government and other international bodies including the IMF expect the Uk to be coming out of this recession in late 2012, the measures now be put into action by the Bank of England of Quantive easing, pumping 75 billion into the economy last month to buy up bad debt seems to be easing the situation, and futher 75 billion is being pumped in in late April. The body that monitors trade shipping has not seen any signs yet of a pick up in world trade, infact more ships are now being mothballed, until the U.S economy shows any sign of recovery that will be a sign, but the recession in Europe is predicted to be alot sharper than first predicted as the E.U. will not go in for stimulating their economies nor will they reduce intrest rates to U.S and Uk levels