Regional Business Information for Yorkshire
UK out of recession
25th October 2012
By James Reed - Deputy Editor, Yorkshire
Image: FreeDigitalPhotos.net
THE UK emerged from double dip recession today as new figures showed the economy grew 1% in the third quarter.
But experts warned that the figure could be overstating the extent of the recovery as it reflected the impact of one-off events, in particular the Olympic Games.
The Office for National Statistics said that while the production and service sectors grew, construction sector output fell by 2.5%.
The economy first went into recession in the second quarter of 2008 and did not emerge until the third quarte......for the full story register now for free or login below...
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Fantastic News and well done Business Desk for getting the news out so soon. As always finding the positive news when many others look for the negative.
Cliff Sewell
That's all right then! This is absolute non news! Does it make a difference ? Nope, things will take time, and the fact that some dubious statistics have meandered above some line on a graph is not going to matter much in the economic phase..... it could just as easily dip next quarter. Don't book a holiday on the strength of this!
Phil Hanson
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Fantastic News and well done Business Desk for getting the news out so soon. As always finding the positive news when many others look for the negative.
Cliff Sewell