The numbers are now indicating that we may not only be stagnating, but heading in the reverse direction.

FORBES: Senior Female Leaders Impacted More Than Male Counterparts in Difficult Economy

But he argued that the UK government's policy of cutting its way out of the deficit was "the wrong thing to do", warning "we are in a pre-1930s situation at the moment and if we don't reverse that we could be heading for a depression".

BBC: MPs reject proposed EU budget rise