Tuesday 26 January 2010

Britain exits worst recession in decades

Telegraph
"Britain has joined the list of countries out of recession, with official figures marking the end of the economy's worst slump since the 1930s."
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Britain crawls out of recession as longest downturn in history finally comes to an end (but only just) Daily Mail
"Britain's hopes of a quick and decisive recovery from the recession were dealt a major blow today after new figures showed the economy grew by just 0.1 per cent from October to December. The data brings the UK's s longest-ever recession to an end, but the minuscule nature of the rise - lower than the 0.4 per cent predicted - will raise fears the country could slip back into a 'double dip' recession and heap further pressure on Gordon Brown.Official confirmation of economic growth ended six straight quarters of shrinking output and means that the UK is the last of the major G7 economies to leave recession."
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Economic gloom recedes - by 0.1% (Independent)

"The UK's longest and deepest recession finally came to an end in the last three months of 2009. But only just, official figures showed today.A 0.1 per cent expansion in the economy between October and December ended six straight quarters of shrinking output, according to first estimates from the Office for National Statistics (ONS).Overall, the economy slumped 4.8 per cent last year - the biggest annual contraction since records began in 1949 - and it has lost 6 per cent since the recession began in 2008."

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