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INTERIM GROWTH SHOWS POSITIVE OUTLOOK FOR 2010

INTERIM GROWTH SHOWS POSITIVE OUTLOOK FOR 2010

Interim Management remains buoyant and shows signs of demonstrable growth despite tough economic conditions according to the Interim Management Association (IMA) Q3 Ipsos Mori research.

With Q3 showing nearly a quarter (24%) increase on new assignments Paul Botting, Chair IMA, says this indicates the sector could be seeing a return to pre recession growth:

The interim management sector has been incredibly resilient and with the latest figures showing a marked increase in new assignments it looks like this growth is set to return.

Latest results show the private sector accounted for 53% of all completed assignments in Q3 (up from 49% in Q2), reversing the outcome from the last quarter when public sector surpassed private sector levels for the first time since the IMA started monitoring the market in 2006. Nearly a third (31%) of public sector assignments are Health related and 29% are Local Government. Central Government has regained momentum (13%) after a significant slowdown in Q2.

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