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Business Barometer.


HOW close is the North East economy to recovery? The region's biggest businesses will reveal how they feel in a major report published next week.

The latest survey of business confidence conducted by Newcastle Business School at Northumbria University Northumbria University is a modern university located in Newcastle upon Tyne in North East England. Schools
Northumbria offers approximately 500 study programmes through nine Schools:
  • Applied Sciences
  • Arts and Social Sciences
  • Built Environment
 for The Journal is published next Thursday. The North East Business Barometer is a bi-annual report based on a survey of companies in The Journal's list of the Top 250 companies by turnover.

Professors Slack and Harvey from the school say the results are likely to be more optimistic op·ti·mist  
n.
1. One who usually expects a favorable outcome.

2. A believer in philosophical optimism.



op
 than six months ago, but the picture is complex.

Prof Richard Slack said: "The current barometer, in next week's Journal, will help identify if there are signs of a fragile recovery, or whether we're still expecting a gloomy picture.

"We've found interesting insights over expectations of a fragile economy within the North East. This would be contextualised against what appears to be some economic recovery on a national level.

"Against that, we have realisation of the level of public debt against GDP GDP (guanosine diphosphate): see guanine.  and the impact of future government and public sector spend. The market may well have overreacted."
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Publication:The Journal (Newcastle, England)
Date:Oct 15, 2009
Words:186
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