Is The Double Dip Recession Just A Myth? | Commercial Mortgages ...

For business owners and home owners across the UK; the past five years have been riddled with economic uncertainty and worry. Claims of financial disaster, worrying economic predictions and the increasingly minimalistic trust within banking authorities have made for one of the toughest pecuniary periods the nation and in fact, the world has ever seen.

As one crisis after another has been brought to light; a notion of ?penny pinching? has been one embraced across the board and in effect, created an economy that has remained stagnant for quite some time. As the biggest banking companies restrict their lending on commercial mortgages, leasehold finance, loans and of course home mortgages; many borrowers have been forced to seek alternative sources whilst others have simply lost all hope.

The continuing dip in economic moral has most definitely affected the UK for the worst however; according to the latest reports; some rather startling claims have been made. According to renowned financial experts Ernst &Young; the double dip recession may just be an illusion.

As forecasters predict growth within the second half of the year, economists have declared their puzzlement over discrepancies between official growth figures and the more positive figures from industry experts and manufacturers.

According to the Ernst & Young ITEM club; the official GDP figures appear to be considerably weaker in comparison to the actual figures released by directors and manufacturers across the nation and as employment has also seen a great improvement; there seems no cause for worry.

Perhaps this recent enlightenment may give the British economy the kick start it so desperately needs?

Source: http://www.charlestonfinancial.co.uk/is-the-double-dip-recession-just-a-myth/

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