Monday, January 25, 2010

GDP Growth Forecasted

The UK is predicted to show a small .3% growth in GDP, therefore signalling the end of recession. There hasn´t been any growth since 2008 and so far there has been a 6% contraction in the overall economy since its highest point. Experts warn that the recovery will be fragile, this is understandable considering the depth of the problems we had.

The housing market is also showing some signs of stabilizing with prices ending up slightly higher at the end of ´09 than at the start of the year. Again, tentative signs that should not be construed as a full speed ahead recovery.

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