The State of Investment Markets
Simon's View
Almost two years after the collapse of Lehman Brothers is a good time to take stock of where we are economically. Gross Domestic Product (GDP) fell some 4.75% in 2009 and we spent most of last year in recession. At last, however, it was announced that in the last quarter of the year we moved out of recession by the smallest measurable amount of 0.1%, although the official GDP growth figure was 0.3%. Better news in the second quarter showed growth up to 1.1%. We await third quarter figures with interest although it will be too early to tell whether the policies of the new Coalition have helped or hindered progress.
