Public confidence rising over economy
Thu, 12 Nov 2009
The British public are increasingly positive about the state of the economy, according to a new study.
Populus has reported in the Times that optimism has reached its highest point in 18 months, but a third of people still think the economic outlook for the UK could be better over the next year.
Some 50 per cent of the 1,502 adults surveyed think they "will do well" in the next 12 months, up from 46 per cent in July.
Women are more pessimistic than men, and those living in the south-east of England are twice as optimistic as in the Midlands, Wales and the south-west.
Meanwhile, middle-class people are also more optimistic than unskilled workers, though the gap has narrowed since July.
Last month the Office for National Statistics reported that gross domestic product fell by 0.4 per cent during the third quarter of the year.
Economists had been predicting a rise of at least 0.1 per cent, which would have been enough to pull the UK out of recession.
A technical recession is defined by two successive quarters of economic contraction.
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