The economy is going from reverse to first gear

(Image: Getty)

Mon, 10 Feb 2025

Is the economy “back on track”, and will those who have “survived to 2025” reap the benefits? I’m being asked regularly whether the economy has really turned the corner. It has. We're out of reverse gear, but travelling in first is still a frustrating speed down any motorway. How quickly we move through the gears is the biggest challenge. We need to see successive quarters of growth before the levels become comfortable for businesses, too.We’ve had the bad news. The recession of mid-2024 was wor...

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