Economic recovery 'could be assisted by exports'

www.moneynews.co.uk > General finance > Economic recovery 'could be assisted by exports'

Economic recovery 'could be assisted by exports'

Wed 21st Oct 2009

An industry expert has suggested that the export sector in the UK could help bring the country out of an economic slump, but this will require other countries to be able to buy products.

Vicky Redwood, a spokesperson for Capital Economics, made her comments following the release of a report by the Ernst & Young ITEM Club, which indicated that the weakness of the world economy will slow demand for business in the UK.

She pointed out that the country will need to wait until the rest of the world recovers in order for exports to really pick up.

Ms Redwood noted that when this does happen, it will be a huge boost to the economy.

However, she said: "Although the best hope for the UK does lie on its external sector, even so, I don't think that's going to be enough to generate a strong recovery in the overall economy."

Click here for more general finance news

Related News : General finance
	Citizens Advice welfare applauds government
	Confused.com energy defends British Gas
	Bank of Ireland passes stress test
	Tesco Mobile deal 'courts consumers'
	Scottish Widows Investment Partnership notes favourable response
	Customers should fix now, says moneysupermarket.com energy
	Confused.com highlights importance of getting the best deal
	Prices on the rise, says moneysupermarket.com energy
	Bank of Scotland economic report 'suggests transitional phase'
	Clydesdale and Yorkshire Banks security advice issued