Showing posts with label GDP. Show all posts
Showing posts with label GDP. Show all posts

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