It’s official - the UK is in recession

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It’s official - the UK is in recession

Economy Discussion of the UK economy and economic news.

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01-23-2009, 12:50 PM

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It’s official - the UK is in recession

Official figures have confirmed today that the UK is in recession after Gross Domestic Product fell by 1.5% in the fourth quarter of last year, following a 0.6% contraction in the three months prior to that. This represents the biggest quarter-on-quarter fall since 1980. Neil Mackinnon, chief economist at ECU Group, described the GDP figures [...]

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