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Ready to ride the recovery curve?

Pinpointing where the economy is in the recession cycle is notoriously difficult, if not impossible, and it’s no surprise that few economists or commentators are really prepared to stick their necks out on the subject. Of course, the accepted indicator of an economy in recession is two quarters of negative growth in GDP and we’ve now just seen our third quarter of negative GDP growth in Q1 2009.  Except, as mentioned in this column previously our data insight shows that the SME population, the backbone of the economy, is not yet in a terminal state – a long and deep recession can still be averted if support can be provided to businesses.  There are still many healthy businesses in the economy.  Indeed, this was still the case as we conducted our Q1 2009 data analysis on the health of the business population recently.

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