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Is the worst of the recession now over?

Over the last few weeks we have seen comments from the likes of Tesco and Marks & Spencer's which have contradicted each other, with Tesco suggests the recession is over and Marks & Spencer commenting upon a potential recession next year. We have seen a flurry of economic forecasts and economic figures which again conflict with each other with the end result of a consensus that the recession is over the worst for the time being at least. So what next?

What started as a trickle of negative comment regarding 2010 and the potential for a "new" recession has turned into something of a river over the last few weeks. More and more people are now suggesting that unless the government, banks and industry as a whole concentrate on further investment in 2010 we could in fact see a reduction in UK economic activity and a move back into recession. It is worth remembering that the property sector has yet to really turn the corner, even though there have been signs of improved demand in some areas of the country.

Some experts believe that a lack of quality housing for sale and a small increase in demand has created something of a short-term bubble which may well be masking longer term concerns and underlying problems with the sector.

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