Since the crash of 2007, a number of political figures and commentators have proclaimed that they can see the green shoots of economic growth. The first of these pronouncements was from Shriti Vadera, then Labour Minister for Business, Skills and Innovation, and in hindsight was woefully early. The most recent has been in the past week, and has enjoyed support from a wide range of business leaders and politicians, with the Bank of England endorsing this view by holding back on a further round of quantitative easing.
What’s our view? The past two weeks have seen an influx of new vacancies, with clients under pressure to fill these roles quickly. September holds our record for sales figures since the crash, and we anticipate that October will also be a good month. The outlook from our clients is also positive, with many of our clients increasing hiring over the coming months. This outlook is broad-based, across our technical, executive and defence divisions. Internationally, whilst our business in the Eurozone is depressed, in the wider international market we are experiencing significant growth – something reflected in the wider economy where exports are moving away from the Eurozone.
Our conclusion? Provided that there are no major shocks to the Eurozone, we expect growth to increase.