GVA Grimley Central London Offices Outlook 2010

12 February 2010

"The UK is at last emerging from the deepest recession since the 1930s. The latest consensus view from UK economists is for 1.3% growth in 2010 and 2% in 2011, well below the long-term trend rate of 2.7% pa, although the Bank of England expects 4% pa growth by early 2011. Whilst a sharper recovery is possible, and did indeed occur after thelast recession, the scale of public debt, consumer indebtedness and the willingness and ability of the banks to lend, is much greater today. ...

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