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GDP figures are expected to show end of the recession

UK GDP figures (Gross Domestic Product) are due today at 9:30 AM with analysts expecting the figures to show a 0.2% growth in the UK economy quarter on quarter. This follows a 0.6% reduction in the second quarter of 2009 and many people believe this next set of figures could signal the end of the recession. However, there are growing concerns.

Some analysts believe that the disappointing retail sales figures earlier this week, which were flat, could impact upon the performance of the UK economy and indeed the forecasts of 0.2% growth this morning could prove to be a little optimistic. If we do not see the UK starting to emerge from the recession in the short to medium term there are concerns about a W shaped recession, the final stage of which could come in 2010.

Even though the Bank of England seems keen to withdraw the stimulus packages as soon as possible, today's GDP figures could see the quantitative easing program remaining for the foreseeable future. All in all the GDP figures for today are proving more and more difficult to read and many analysts are starting to become concerned about the potential for the UK, in the short term at least.

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