This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/wales/8321816.stm
The article has changed 4 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Recovery hopes on recession stats | Recovery hopes on recession stats |
| (10 minutes later) | |
| Figures due to be published are likely to suggest the recession has ended. | Figures due to be published are likely to suggest the recession has ended. |
| In Wales, thousands of jobs have been lost and more remain under threat, as manufacturing shrank by 10% according to assembly government figures. | In Wales, thousands of jobs have been lost and more remain under threat, as manufacturing shrank by 10% according to assembly government figures. |
| The housing market has also taken a hit as last year's credit crunch turned to full-blown recession. | The housing market has also taken a hit as last year's credit crunch turned to full-blown recession. |
| Now the long road to economic recovery is expected to begin with figures set to show five quarters of contraction has come to an end. | Now the long road to economic recovery is expected to begin with figures set to show five quarters of contraction has come to an end. |
| Economists are predicting the country's gross domestic product rose slightly by 0.2% between July and September. | Economists are predicting the country's gross domestic product rose slightly by 0.2% between July and September. |
| Despite this, city analysts suggest there is every likelihood that unemployment will continue rising for several more months. | Despite this, city analysts suggest there is every likelihood that unemployment will continue rising for several more months. |
| Unemployment in Wales is at its highest since 1993. Wales' current employment rate is 69.7% well below the 80% target. | Unemployment in Wales is at its highest since 1993. Wales' current employment rate is 69.7% well below the 80% target. |
| I think there is a degree of optimism Richard Rees | I think there is a degree of optimism Richard Rees |
| Some 900 jobs are under threat at the Bosch plant in the Vale of Glamorgan. The company has announced it is beginning a 90-day consultation over the future of the factory, which may even have to close completely. | Some 900 jobs are under threat at the Bosch plant in the Vale of Glamorgan. The company has announced it is beginning a 90-day consultation over the future of the factory, which may even have to close completely. |
| Last month, nearly 400 well-paid jobs were lost when metal production has ended at Anglesey Aluminium in Holyhead, a major employer in the region. | Last month, nearly 400 well-paid jobs were lost when metal production has ended at Anglesey Aluminium in Holyhead, a major employer in the region. |
| Speaking about the expected announcement that the recession is over, Richard Rees, an independent financial advisor said: "I think there is a degree of optimism. Interest rates have fallen but on the other hand it's been difficult to get credit. | Speaking about the expected announcement that the recession is over, Richard Rees, an independent financial advisor said: "I think there is a degree of optimism. Interest rates have fallen but on the other hand it's been difficult to get credit. |
| "I think people are going to be feeling better about spending but that will be tempered by the worry over job losses. | "I think people are going to be feeling better about spending but that will be tempered by the worry over job losses. |
| "I don't think things have been as bad as was forecast." | "I don't think things have been as bad as was forecast." |
| 'Green shoots' | 'Green shoots' |
| At a business breakfast in Chepstow, Bob Shepherd, of Bob Shepherd Associates, which provide business support services, said he expected it to take six to nine months to come out of recession in practical terms but it was now important to "talk up" the economy. | At a business breakfast in Chepstow, Bob Shepherd, of Bob Shepherd Associates, which provide business support services, said he expected it to take six to nine months to come out of recession in practical terms but it was now important to "talk up" the economy. |
| He said: "I am seeing the much vaunted 'green shoots'. | He said: "I am seeing the much vaunted 'green shoots'. |
| "People are developing things. I was talking to somebody this week about buying a factory. You don't do that if you if you think the whole thing is going to fall apart." | "People are developing things. I was talking to somebody this week about buying a factory. You don't do that if you if you think the whole thing is going to fall apart." |
| But Lynn Quick, who took over a branch of the Ferrari bakery, after the south Wales chain went into liquidation in November 2008, believes the financial problems will linger for longer. | |
| "I think we need to be careful. It doesn't seem to me that we are coming out of the recession." | "I think we need to be careful. It doesn't seem to me that we are coming out of the recession." |