According to the research, 6 million (13%) consumers predict that that the UK economy will emerge from recession before the end of 2009. A further 12% think it will be finished by March 2010 acording to the research from uSwitch.com.
Slightly less optimistic about the labour market, one in four predict a recovery as early as December 2010 but 11.5 million consumers (24%) forecast unemployment will exceed 10% during current recession
Reports examining unemployment trends from previous recessions reveal that unemployment historically continues to rise long after other indicators have stabilised. This has resulted in some areas of the UK taking as long as a decade, to see a recovery in their regional labour markets, and people becoming permanently excluded from the jobs market.
