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Daily debate: Are we heading for a double dip recession?

Monday 8th February 2010

The UK has finally edged its way out of recession - but prospects for the future are not as positive as they might be.

With the debt-laden economies of Greece, Spain and Portugal threatening the stability of the euro Zone, there are now fears that the UK could be heading the same way and into further financial turmoil.

Do you think the UK is heading for a double dip recession? Are firms hiring as though the worst is now over - or do your clients remain cautiuous about the future? Tell us what you think using the comment section below

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Recruitment Today

End of beginning as downturn slows slightly
The seasonally-adjusted CIPS/Markit Purchasing Managers’ Index (PMI) rose to 42.9 in April from 39.1 the previous month, but was lower than last year’s figure of 49.7. Despite remaining below the neutral 50.0 mark (a figure less than 50 indicates a contraction) for the 13th month running, the PMI moved further from February’s joint survey record low.