Tuesday 26 January 2010

UK Finally Out of Recession...Just.

Official GDP figures were released earlier today, showing the final quarter of 2009 had positive economic growth of a mere 0.1%. Britain is finally out of recession then, but by the most marginal amount, and below many people's expectations. Many economists had talked of 0.4% being the figure, but as we can see, it is not as high as that. Nonetheless, it is positive growth and many have cited the Government's Car Scrappage Scheme being a help to that cause. The following link to the BBC News site gives a good background http://news.bbc.co.uk/1/hi/business/8479639.stm. More to follow shortly.

SB

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