Tuesday 26 January 2010

The End of the Recession

I'm sure we'll all be pleased to hear the news that the recession is officially ended.

My knowledge of economics is pretty limited and once past the basic news I get a bit perplexed and tend to switch off! I do know that with all the doom and gloom in the media at this time last year my diary was noticeably quieter than usual for January. Chatting to colleagues and patients in other lines of work a lot of people noticed the same, less work around for the first part of 2009.

Generally this seems to have improved a lot in the later parts of 2009, Wetherby Orthodontics included.

I do wonder just how much of the recession was "created", the media saying how awful it was going to be and people holding back on spending "just in case". That's not to take away from people who have lost jobs, homes or businesses, as I'm sure for some people it's been awful, and I do have friends who have lost their jobs.

Hopefully the same will be true, now the media say everything is fine then spending will return and businesses will start to prosper again. I visited the White Rose shopping centre in Leeds on Saturday, very little sign of recession there, lots of people and lots of spending going on!

Have a happy and prosperous 2010 everyone.

No comments: