london s economy today issue 8 april 2003 adam hinton summary page 1 of 20 the turning corner by bridget rosewell indicators for continue to provide some contradictory messages but it is possible tease out an underlying picture which shows that recession still a fairly distant and probably receding possibility centres on travel tourism industry at least as far short term concerned behaviour consumer further chancellor budget has made no dent in this since changes he announced make very little difference except levels finer detail use transport system one element contradiction provided figures tube ridership measured number passengers underground generally reliable indicator economic performance published with lag latest data indicates dropped 0 per cent february potentially suggesting downturn however closure central line during
