The most recent recession is now believed to have finished and a possible rebound is believed to happen in 2010. The economy is believed to rise by 1.1%, which is almost double what is was in June this year (0.6%). The problem with this though is sustaining the recovery. The Chambers of Commerce believe the country’s economy to drop to 4.3%, lower than what it was in June. High unemployment, fragile banks and a slash in government borrowing could slow the pace of recovery. The government did plan to go ahead with £30bn spending, but this has been questioned by the Chambers of Commerce. France, Germany and Japan have already recovered.
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