Today the media is full of the news that the UK is now officially ‘in recession’. This means two quarters of negative growth.
As a recruiter, I talk to people each day who are out of work due to redundancy. Hearing so much bad news each day, can almost make it seem that the world is coming to an end. I often have to pinch myself to remind myself that business still goes on. While some individuals are having a hard time of it, the wheels of industry (in general) do still keep turning. Take a look around you. I see that the M4 seems as busy as ever at rush hour. Oxford Street in London was chaos in my pre-christmas shopping, and we still have clients who can’t find suitably skilled resources to help their businesses to grow. There are over half a million unfilled jobs in the UK at the moment.
Clearly it is going to be some time yet before sentiment improves, and I believe that sentiment is the most important factor of all in this downturn. As markets continue their cycles of boom and then bust, it’s up to us as individuals to look for the opportunities arising out of the economic gloom. Suppliers that can help thier clients to make financial savings and to de-risk their businesses are surely the ones who will create the growth to eventually lead us out of the doldrums.
