Business leaders fear "new" recession.

Graham_Devon

The number of business leaders detecting the green shoots of an economic recovery has fallen for the first time since April, raising fears that the country is heading for a "double-dip" recession, research carried out for The Independent has found.

The renewed gloom in industry – revealed in a survey of senior business people – comes after months of cautious optimism that Britain could soon be past the worst of the downturn.

The ComRes poll found that the proportion of business executives who spotted signs of recovery in their sector dropped from 37 per cent in June to 33 per cent this month. The number seeing no signs of recovery rose from 53 per cent to 57 per cent.

It is the first time that the "green shoots" index has fallen since its launch in February. It will alarm ministers, who are banking on a relatively short 'V-shaped' recession, in which the economy starts to grow by the end of this year.

http://www.independent.co.uk/news/uk/home-news/business-leaders-fear-new-recession-1762047.html

Seems the tide is starting to turn now amongst business leaders. Seems to follow what many have been saying on this board though. Reality hitting home?

PasturesNew

I just have one more house to sell ... then the bad news can start.
It is a friend's. Can we hold off for 2 months say?

Graham_Devon

Where are all the optimists?!

mbga9pgf

PasturesNew wrote: »

I just have one more house to sell ... then the bad news can start.
It is a friend's. Can we hold off for 2 months say?

I reckon you will just about get away with it depending on the area!

PasturesNew

mbga9pgf wrote: »

I reckon you will just about get away with it depending on the area!

I hope so, I think it's gooey-eyed people who earn just a bit more than normal, who have been watching too much telly ... so, fingers crossed.

Graham_Devon

Hmph. No optimists telling us actually those people are wrong...avoiding this thread like the plague!

Dan:_4

These people are wrong.

mbga9pgf

You tell yourself that dan!

chucky

Graham_Devon wrote: »

Hmph. No optimists telling us actually those people are wrong...avoiding this thread like the plague!

probably because you can't read too much into it as it's an index that has only been in place since February and it's the first month that it has negative numbers, plus it's only one months data...

many small/medium sized businesses have issues, some have very severe problems - we all know this and many will contiune to have problems for a couple of years even when the UK is out of recession.

what is there to be optimistic about this?

Dan:_4

The number seeing no signs of recovery rose from 53 per cent to 57 per cent - Makes a good headline but it really is a non-story.

Graham_Devon

chucky wrote: »

probably because you can't read too much into it as it's an index that has only been in place since February and it's the first month that it has negative numbers, plus it's only one months data...

many small/medium sized businesses have issues, some have very severe problems - we all know this and many will contiune to have problems for a couple of years even when the UK is out of recession.

what is there to be optimistic about this?

You just made me smile

It's not about the index or the months data, it's what they are saying, what's talked about, and as you point out elsewhere, the sentiment.