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January 26, 2010

UK emerges from recession

Category: General Finance – propropertyinvestor – 9:15 am

Gross Domestic Product (GDP) increased by 0.1% in the fourth quarter of 2009, compared with a decrease of 0.2% in the third quarter. The rise in output was due to growths in services and production.

This weaker than expected growth brings the UK economy out of recession. The economy had previously contracted for six consecutive quarters - the longest period since quarterly figures were first recorded in 1955.

The UK has been the last major economy still in recession.

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