I’m not an expert in microscopy, but green shoots are obviously one of those things that become visible even at the tiniest size to those are looking closely enough. When it comes to recessions, you would expect the Institute of Chartered Accountants in England and Wales’ detecting apparatus to be finely calibrated. And indeed, the ICAEW has predicted the UK economy will grow by 0.5% in the third quarter, and reported that business confidence rose from -28.2 in March to +4.8 at the end of June, the biggest rise for two years. Place your bunting orders now.

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