uk recession over
UK Recession over
The 26th january 2010 was the date that the uk recession was officially declared over.
The Office for National Statistics (ONS) have release the latest gross domestic product (GDP) figures for the final three months of 2009.
These figures show that the uk economy grew by 0.1%. Not a big figure but enough to bring us out of recession.
Recently, when Treasury minister Lord Myners was asked if recovery can be maintained at a time of huge cuts in public spending, he said: "We have a strategy for growth going forward, as growth will play an important part in reducing the deficit. "At the same time, we acknowledge that decisions will have to be made about public expenditure."
Categories: uk Recession Tags: 26th january 2010, Office for National Statistics, ons, uk recession over