I have read various reports in recent days stating that we may well be through the worst of this current recession. Over the last couple of weeks I have been asking my business contacts whether they have started to see any of those green shoots, the famous starting sign of a recovery. Here is what they said:

Out of all of the people that I asked or surveyed for want of a better word only fifteen percent stated that they had seen the first signs that things were starting to improve. I have to say that I had expected and had hoped for a much higher percentage than this. From the people I have spoken we may well be on the road to recovery however that this recovery is happening at rather a sedate pace. This recession has cut quite deep and any wound this deep can not heal overnight.

The most alarming point for me was the large percentage, in fact the majority, of people that stated the situation had become even more severe; so perhaps we are not through the worst thus far.

I am by no means an expert in the field of the economy however I do have a number of business interests including ones where people are able to obtain cheap calls and also with a group of cost reduction specialists. My main expertise however is with helping people to overcome their stuttering speech impediments.

So when can we expect the recovery to really start in earnest? Well this answer is, of course, very difficult to answer and calling the bottom of the market can only ever be guess work. I will however give my opinion, for what it’s worth. I personally think that 2009 will continue to be a tough year, that in 2010 we will start to see that all important recovery and that in 2011 we will see some very strong growth.

The above opinion is given due to what we already know, if there is a lot more bad news out there of which we have not yet been told of then this opinion will no doubt have to be reviewed.