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Escaping from recession

Recently there have been some news reports of other countries such as France, Germany and Japan managing to get out of recession. What this means is that the total size of their economy, or GDP, has increased over the last quarter. Britain’s economy is still in decline, but since this is a global recession signs of recovery in other counties (especially those we trade closely with) is encouraging.

Unfortunately, this doesn’t mean very much for you and me. After a couple of quarters of stable growth, we should see loans and mortgages get easier to come by and unemployment start to fall – but right now I’m afraid that even if our economy stabilises or starts to grow again it will be very cautiously.

Tags: Economy, Loans, Mortgages, recession, recovery

1 Comment to Escaping from recession

1. [...] especially since the UK was one of the last major economies to still be in recession, others having returned to growth some months earlier. However – before we break open the champagne we should note that these [...]
UK economy turns around | The Salary Calculator on January 28th, 2010

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