UK economy continues to shrink
Britain’s economy shrank more than twice as fast as analysts had expected in the second quarter of this year, according to the latest figures from the Office for National Statistics.
The fall between April and June means a speedy recovery from the recession looks much more unlikely.
What is a Recession?
Merry Christmas and a happy and prosperous new year.
But this New Year may not bring good news as many economies plunges into a recession. Unemployment rates is increasing and GDP growth rate is falling. Everyone is talking about ECONOMY and FINANCIAL CRISIS. For IGCSE and GCSE students this ‘RECESSION’ might be a new term altogether. [...]