UK: Weighing up the recession.

UK: Weighing up the recession. - Industries that had adjusted to the ERM disciplines should now suffer least.

by David Smith is economics editor of The Sunday Times.

Industries that had adjusted to the ERM disciplines should now suffer least.

As we approach the end of what has been a hugely disappointing year, with the road to recovery still littered with potholes, it is time to take stock. Which parts of the economy have suffered most and which are relatively well-placed for the eventual upturn?

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