- Monday, 24 August 2009The number of people entering into
individual voluntary agreements could rise, with economists warning that any recession recovery will be partnered by further unemployment.
Research released by Barclays last week (August 20th) reveals that 57 per cent of businesses are "hopeful" about the prospect of economic recovery, while 17 per cent are "excited".
However, while optimism may be widespread among the business world, the outlook for the individual is far bleaker.
George Derbyshire, chief executive of the National Federation of Enterprise Agencies, said that unemployment would probably continue to rise for some time.
He said: "We do need to maintain some sense of realism because economists have also said that recovery will be slow and bumpy … with unemployment predicted to rise further."
Mr Derbyshire went on to say that it would be the "low paid, low skilled" members of the public that would suffer the most.
According to Barclays' research, 11 per cent of companies admitted to being "worried" by the current state of the economy.
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