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  Howard - I suggest that you read the full detailed report.
  
  It is very interesting and their report is very much in line with what I said on another thread last week.
  
  You will find, however, they are much less optimistic than the figures being touted from the Treasury in advance of the budget, in the timing of the recovery, unemployment and the rate of growth. The rate of decline has certainly slowed but frankly it simply could not continue at the rate it was. You say the recession has 'bottomed out' that is not exactly what they say, it is much more complex than that.

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