Brits downbeat about economic future

The majority of UK consumers believe the recession will continue for most of 2010, a new study has discovered.

Research by Gocompare.com found 52% of Brits think the UK economy will remain in recession for most of the year ahead.

A further 29% said the recession will continue until at least 2011.

Just 19% expect the economy to come out of recession early this year.

Younger people are slightly more optimistic about the future, with 24% of 25-34 year olds expecting economic recovery over the next few months.

“News that the UK is now the only major world economy still in recession will only reinforce most people’s belief that this recession is a long way from being over,” said Lee Griffin, Gocompare.com business development director.

“Whilst the Government would like us to spend our way out of recession we would stress that it’s important for consumers to spend wisely.”

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