Worst of the recession may be over for Britain, says OECD

by Gráinne Gilmore, Economics Correspondent

Hopes are mounting that the worst of the recession is over for Britain, after influential organisations and investors said that there were clear signs of economic recovery.
The Organisation for Economic Co-operation and Development said yesterday there were indications that the country was experiencing a “pause in the economic slowdown”.
The multibillionaire investor George Soros echoed the positive forecast, saying that a meltdown of the world’s financial system had been averted. Jean-Claude Trichet, the President of the European Central Bank, said that some countries had already moved beyond the worst of their recessions.

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