Public sector, financial services are bright spots
The U.K. economy officially exited its recession in the fourth quarter of 2009, but there's little reason to think a robust consulting recovery is on the horizon, according to Alan Leamon, the chief executive of the U.K. Management Consulting Association.
"The consulting market in the U.K. is experiencing a steady, but slow growth rate in 2010. That's certainly welcomed after 2009, in which we experienced the first decline in demand anyone can remember," Leamon says. "Our industry moves quite parallel to the economy as a whole." The U.K. economy contracted by about five percent in 2009 and Leamon estimates that the country's consulting market shrank by between 5 and 6 percent.
