Increasing numbers of businesses have reported a bottoming out of the recession, with survival being their priority in 2009, and hoping to take advantage of an upturn in 2010.
Insight East’s latest Monthly Economic Outlook for June 2009 also reveals that growth in unemployment has eased – with the region actually recording a decrease in the total number of claimants of unemployment related benefits in May 2009.

Total numbers of claimant unemployed in the region fell by 175 between April and May 2009. While this may be the result of an increase in seasonal work, this compares to marked increases in January and February of 12,000 and 17,200 respectively.

The future has to be planned for, but it is always uncertain. Most decision-makers use past trends to estimate what is likely to happen in the future. This is achieved by the use of forecasting models.