1 in 5 think Recession will be over by end of year
August 24th, 2009 by 
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Latest information from uSwitch.com shows that 1 in 5 people think the housing market will bounce back by the end of this year. However neary 50% think it will take until the end of 2010.
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.
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