How long has the UK been in economic recession?
Two or more consecutive quarters of falling gross domestic product (GDP) is commonly called a recession. Having shrunk by more than 6% between the first quarter of 2008 and the second quarter of 2009, the UK economy took five years to get back to the size it was before the recession.
Is Europe entering a recession?
The European economy shrank again in the first three months of the year, entering an expected technical recession after having shrank in the last quarter of 2020. Gross domestic product fell 0.6% …
Will the UK sink into a recession?
UK ‘on brink of recession’ The strength of the pound has hurt British manufacturing An influential economic report has warned that the UK will sink into a recession unless the Bank of England takes action.
Is the UK in social decline?
Social mobility is in decline in Britain, with more than half of people saying the government is failing to do enough to help the least well off, according to a survey by ministers’ advisory body on life chances.