ANALYSIS: Green shoots ahoy!

(From Lending Strategy)

Business minister Baroness Vadera did herself no favours recently when she said she could see green shoots of economic recovery. But Gary Styles, strategy, risk and economics director at Hometrack, says the green stuff could sprout in the remortgage business by the end of 2009

Producing forecasts is always fraught with difficulties but it is made far more challenging by the present uncertainties surrounding the world economy, financial sector and the likely policy responses.

This is aptly demonstrated by the dramatic shift in the Bank of England's assessment of inflation prospects between the August and November. In the space …