Don't hold your breath for the green shoots just yet

Don't get too excited but we are out of recession but barely.

Figures just released show that the UK economy grew by a staggering 0.1 per cent in the last quarter of 2009,hardly cause for concern and bear in mind that these are only provision figures.

It will be disappointing for the government,being at the lower end they show fragility and will be questioned on their sustainabilty.Almost certainly they have been reached thanks to the pre Xmas consumer boom,hardly a cause for celebration.

Let's also remember that since the bust began the econoy has contracted by 5.9 per cent and Germany and France came out of recession last summer with Japan and the US also exited recession last year.