Recovery?

Over the last week I have noticed a dramatic change in the recruiting market. Mainly the Financial Services, which hopefully in the medium term will start the knock on effect of a recovery across most sectors. It is very difficult to guage whether these small bursts of recruitment activity are in fact a sign of recovery, or whether they are purely "necessary".

There are many predictions on when the recession will end. The general quotes are our economy has stopped retracting now, although we are seeing growth in certain areas, and even this growth is minimal. The bulk of the experts expect growth to return around Summer 2010.

It is all very interesting to me as I have experienced inflation of over 1,000,000 percent, and a "recession" that is hard to compare to any other, and that was being in Zimbabwe in the late 90's. Now that was some recession, and just an indication of how we went from hero to zero, in 1997 the exchange rate was US$1 - ZIM£10, and by 2006 this was up and over ZIM£1 million to one! Work that one out.