RECESSION - ARE WE OUT OF THE WOODS YET?

Whilst "Tiger" isn't, there are distinct signs the tide has turned in respect of our economy. Whilst we have only recently crawled out of recession it is fair to say that as I stand here today in the first week of February the signs within the housing market are distinctly more positive than they were twelve months ago. We do not want to bounce back from recession quickly and in truth this is realistically impossible, but slow, sustained growth is more proactive for all of us. Hence the Bank of England's decision this week to keep interest rates at 0.5% assists us all, as opposed to increasing this figure without any justification. The fact also that no change is foreseen on the pumping of new money into the market would also suggest a hint of confidence for the economy.