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How many different shaped economic cycles are there!

Over the last few months we have seen a number of suggestions regarding how the UK economy will perform in the short, medium and longer term with suggestions such as a V shaped economic cycle, a W shaped icon and even an Adidas tick shaped cycle. So how many different types of economic cycle are there and what exactly is the UK economy going through?

The truth is that whatever the economic cycle and whatever the shape there will be somebody around the world who has "seen this before" and seen this particular cycle coming. In reality it is easy to look back with hindsight and try to project forward when in possession of up to date economic data and trend expectations. However, as we have seen over the last two years, ultimately nobody knows when this ongoing recession in the UK will end and indeed whether 2010 will be a more difficult year and one which may see the economy come under further pressure.

When you consider that the basis of the economic forecasts which we see today are arrived at using data released by the UK government, data which has been shown over recent months to be unreliable, it is nigh on impossible to forecast exactly what will happen over the coming months. However, at this moment in time it does look as though the UK economy is primed to at least recover slightly towards the end of 2009 although what 2010 holds is anybody's guess at this moment in time.

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