Published by Zeb BhamBusinesses that are engaged in foreign exchange trading have been advised that a full recovery in the UK economy may still be at least two years away.Philip Harris, chairman and chief executive of Carpetright, told Reuters he believes that reducing the national debt could be a longer process than many people expect.As a result, he thinks it could be some time before the economy returns to health, although he refused to express his views on whether the government should adopt a slower deficit reduction strategy.Mr Harris suggested that the upcoming London Olympic Games could represent a boost for the UK economy, but warned the country will continue to "have problems" until then.He added that the country is going through the most difficult period he has ever seen throughout his career."You've got very high inflation and you've got very low pay increases, so the consumer's got less money to spend," Mr Harris said.He was speaking after the British Retail Consortium described low consumer confidence as an "underlying problem" that will continue to impact on spending activity even if there is good weather throughout the summer holiday period.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site