; Economic Recovery 'Not Expected for 2 Years'

Western MailJuly 29, 2011

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Summary


HALF of Welsh businesses fear they will not survive the next year if the economy does not pick up dramatically.

Worrying research suggests that nearly two thirds of firms are not expecting a full economic recovery for two years or more.

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; Economic Recovery 'Not Expected for 2 Years'

And a leadingWelsh economist last night warned of 2more uncertainty if unemployment levels follow growth trends that have seen a near stagnation in the UK economy this year.

The study, by business insurance firm QBE, also found that 65% of businesses in Wales expect it to be two ...

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