How long has the UK been in economic recession?

Answer 1

I would like to know how many times in the past 100 years the UK has been in a recession; recession being a decline in Gross Domestic Product (GDP) for two or more consecutive quarters.and a reference to any info if you have it,i found some text on the telegraphs website but it didnt clearly state if the 4 dates given were 2 concetitive falls in GDP: 1948, 1978, 1981, 1992 were the 4 dates given.Please expandI would like to know how many times in the past 100 years the UK has been in a recession; recession being a decline in Gross Domestic Product (GDP) for two or more consecutive quarters.and a reference to any info if you have it,i found some text on the telegraphs website but it didnt clearly state if the 4 dates given were 2 concetitive falls in GDP: 1948, 1978, 1981, 1992 were the 4 dates given.Please expandI would like to know how many times in the past 100 years the UK has been in a recession; recession being a decline in Gross Domestic Product (GDP) for two or more consecutive quarters.and a reference to any info if you have it,i found some text on the telegraphs website but it didnt clearly state if the 4 dates given were 2 concetitive falls in GDP: 1948, 1978, 1981, 1992 were the 4 dates given.Please expand

Answer 2

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.

Answer 3

The United Kingdoms have been in 'economic recession' for a period of time, that period of time being since 2007. They have dipped in and out of recession several times from that period up until this date.