Brits concerned about money and how they are going to keep up with their home insurance or car insurance payment may be interested to hear one opinion on the credit crunch.
According to HIS Global Insight, the rate of economic decline in the UK has now "bottomed out" and the second half of 2009 will be better than the first few months.
However, the country is still in a recession and it is not likely that there will be any growth until 2010, the firm furthered.
Howard Archer, chief UK and European economist at IHS Global Insight, said: "The decline in the fourth quarter of last year was so large that if you got another decline like that it would be pretty horrific."
Figures from the Office for National Statistics show that gross domestic product declined by 1.5 per cent in the fourth quarter of last year, compared to 0.6 per cent in the third.
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