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Taking the standard definition of a recession as two consecutive quarters of economic contraction, then since the Office of National Statistics began recording proper GDP figures in 1955, the UK has gone into recession eight times: in 1956, 1961, 1973 - 1974, 1975, 1980 - 1981, 1990 - 1991, 2008 - 2009 and most recently from 2011 - 2012.
There is speculation that the UK is currently in a ninth recession, after GDP contracted in the last quarter of 2012. If figures released by the ONS on April 25th 2013 show negative growth again, then the UK will officially be in recession once more.
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When recession will finish?
The governments world wide have been taking frantic steps to control the effects of this recession. The US government has sanctioned billions of dollars to help the economy. Similarly nations like UK, India etc are also taking steps to tide over the problem. Currently the economic situation around the world seems to be improving and we can expect things to stabilize and become normal by the end of the year 2009.Still we have to fight.
What measures are the UK government doing to get out of the recession?
None. George Osborne's policies will make a further 1.1 million unemployed.
What type of economic system does the UK have?
maket system
What country has the most economic in Europe?
Germany.
What are the economic systems of the UK Germany and Russia?
they are all market with elements of command
Are you heading for a recession in the United Kingdom?
The UK is already in a recession.
How long has UK been part of the commonwealth games?
The UK has been part of the Commonwealth Games since 1930.
Will the UK eneter a recession soon?
At the moment it seems likely that the UK will enter a recession officially on paper sometime in early January 2009. Although some would say that we are already in a recession; however for there to be official acknowledgement of a recession on paper, there have to be two consecutive quarters of negative growth. The 1st has just occurred (Announced 24th October 2008) Jul-Sep 2008. This is the 1st negative growth quarter for 16 years, if the next quarter Oct-Dec also has negative growth (will will know this in January 2009) then we (UK) will be officially in a recession. As for the likelihood of this occurring; at this point in time is seems it is inevitable and no matter what anyone does to try to prevent this happening; this is now unstoppable.
When recession will finish?
The governments world wide have been taking frantic steps to control the effects of this recession. The US government has sanctioned billions of dollars to help the economy. Similarly nations like UK, India etc are also taking steps to tide over the problem. Currently the economic situation around the world seems to be improving and we can expect things to stabilize and become normal by the end of the year 2009.Still we have to fight.
When did murder become a crime in the UK?
it has been a crime as long as there were laws and territories.
What measures are the UK government doing to get out of the recession?
None. George Osborne's policies will make a further 1.1 million unemployed.
How long does it take to fly from michigen to the UK?
I don't really know I have never been there
What is UK women and retirement age?
The retirement age in the UK has been scrapped. People can work as long as they want to - so long as they're capable of doing the job they're paid for.
What type of economic system does the UK have?
maket system
How long has cannabis been illegal in the UK?
Cannabis was made illegal in the UK in 1928 under the Dangerous Drugs Act.
What is a recessive disease?
A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. A recession is generally considered less severe than a depression, and if a recession continues long enough it is often then classified as a depression. There is no one obvious cause of a recession, although overall blame generally falls on the federal leadership, often either the President himself, the head of the Federal Reserve, or the entire administration.
Government department of economic policy in UK?
The Department for Business, Innovation and Skills deals with economic policy.
