27 January 2010

Recession is over....Just

The markets certainly wasn't happy with the fact that the UK only just scraped out of recession in the fourth quarter!

Yesterday morning, there was a mood of keen anticipation on where the final figure would lie - would it be as much as 0.4% of GDP growth? Many dared hope, while others went with the lowest forecast of 0.2% just to be on the cautious side.

Well - no-one expected the final number to be 0.1%. So, the United Kingdom did leave the recession - but by a margin.

The pound, which had been enjoying the gains thanks to the positive outlook, took a dive on the news.

Will the UK be the only country with such a dire total? And will the first quarter be better - or worse?

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