UK recession to be declared over – but recovery remains distant

Telegraph
"However, the CBI will warn that GDP will not return to pre-recession levels until after 2011 – illustrating the depth of Britain's economic troubles. The economy has contracted since June 2008, the most prolonged recession since records began in the 1950s, and has shrunk by 5.1pc in total."The economy will be on a fragile path of very slow growth as we continue to feel the lasting effects of the financial crisis," said John Cridland, CBI deputy director general. "