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Michael Baxter, an analyst from Defaqto, said there is not "much doubt" that conditions have improved sooner than first thought.
It comes after the latest composite leading indicators from the Organisation for Economic Co-operation and Development indicated that conditions may be levelling out in the UK.
Additionally, the CIPS/Markit Purchasing Managers' Index for the manufacturing, construction and service sectors also suggested that the economy is picking up.
Commenting on this, Mr Baxter stated: "Whether or not we are going to go back into recession at a later date remains to be seen."
He went on to explain that the low value of the pound could be one factor that determines how well the UK fares - a tip that could be useful for people looking to enter stock market trading.
