The UK is out of the Recession! – Video
Business / times and situations have been hard over the past 18months with many forced to cut-back heavily or worse into administration, closure or bankruptcy. Today, the BBC reported that the UK economy was out of the recession:<
The UK economy has come out of recession, after figures showed it had grown by a weaker-than-expected 0.1% in the last three months of 2009.BBC
Despite recovery signs such as an unemployment fall for the first time in 18months, many are still very tentative about the so called announced ‘recovery’ . At a nice 0.1% of growth it is hardly riveting or re-assuring news. The report was prompted by an ONS announcement today broadcast on Sky News that the UK had emerged from its recession.
Even with the political backs and forths that are likely to ensue following this announcement between Chancellor of the Exchequer Alistair Darling and the opposition. I can at least take some solice in that some grown, no matter how staggered and anti-climatic is better than no growth. Part of the disappointment for many may lie in the exaggerrated expectations and promises for growth that were earlier promised.
About Mel @ Lucidry
Hope you enjoyed reading whatever it is I was rambling about this time. Me, I am a 23 year old dude, that's an avid entrepreneur / designer / scientist – living in London, UK. I blog about design HERE and rant about everything HERE.