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Eurozone leaves the UK economy behind

Strong growth in the German economy has boosted the Eurozone as a whole and brought the area out of recession although the UK economy has yet to follow suit. The likes of France and Germany have been among the better performing economies of the Eurozone and despite initial hopes that the UK will be one of the first to leave the recession behind, the situation has not gone to plan.

While there are growing signs that the UK economy has in fact started to improve there are concerns that UK businesses will be left disadvantaged by the slow recovery when compared to their European counterparts. There is also the issue of the exchange rate, which will in the short-term at least give UK exporters a boost, but in the longer term will level out again and reduce this short-term anomaly. So what can the UK government do?

The UK government is desperate for genuine growth in the UK economy and despite the investment of billions upon billions of pounds of taxpayer's money into the banking arena this has yet to happen. The key to the recovery of the UK economy as a whole is the property sector and while we have seen prices increase in some parts of the UK, this is in no way a countrywide recovery in property prices as yet. There is also the ongoing issue of mortgage funding liquidity which, while showing signs of improvement, is well below the pre-credit crunch figure.

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