Recruiters’ reactions to ‘end of the recession’ claim
Friday, 12th June 2009
Recruiters have given a mixed reaction to claims made by a leading economic think-tank yesterday that the recession is over, after it released estimates showing that economic growth resumed in April and May.
The National Institute of Economic and Social Research made the claim based on estimates that the economy grew by 0.1% in May and by 0.2% in April, after contracting by 0.5% in March.
Other data from the Office for National Statistics, which showed industrial production rose by 0.4% over March and April gave further grounds for optimism that the economy may have bottomed out.
