Although nobody will thank me for saying this but it may be permanent. For a country's economy to get out of recession it has to create real wealth. By wealth I mean wealth to the country as a whole, not individual wealth. Artificial wealth can be created internally by just printing bank notes. It's artificial as all that can do ultimately is to cause inflation thus reducing the value of every bank note.
Wealth can be created by borrowing money and spending it to create income. However, the money borrowed comes at a cost and eventually has to be repaid. Although it may generate income and thus may it look as if wealth is being created, it can be illusory wealth. That's what's been happening in this country. Wealth has be apparently created over the years but to a large extent by borrowing. Sooner or later if the wealth has been illusory, the bubble bursts and you get bank runs, money deflation, and economies falling.
Similarly with increases in property values. That can give the appearance of increased wealth, but it's largely illusory and eventually the bubble bursts, and those economies which have boomed through property values increasing find themselves in a mess.
True wealth is created by generating real growth with goods and services exported to other countries, or by creating greater productivity through improved infrastructure to make businesses more efficient. But you can only export to countries who are looking to import the goods and services. Over the years we have become accustomed to seeing growth mainly in Europe, America and Japan. America as a result is the wealthiest country in the world. But there is a shift in wealth and countries in Asia such as China and India are slowly growing in wealth. It's not that long before China becomes the dominant economic centre of the world.
Unless this country can generate wealth by increasing exports to countries such as China and India, this country will remain in recession and slowly stagnate.
None of what I've said is political, it's just cold hard economic truth.