Reed Executive remains cautious over upturn

Recruitment
firm Reed Executive is still cautious over the strength of the economic
recovery, despite some encouraging results.

The
company has seen some improvement in the first three months of 2002 and chief
executive James Reed told the BBC that he cautiously optimistic.

"This
may lend some credence to the argument that the low point in the economic cycle
has been passed," he said.

However,
the group’s turnover between January and March 2002 was still down 10 per cent
on the previous year and Reed added that its directors remain cautious.

"Market
conditions continue to be unpredictable," he said.

By Ross Wigham

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