This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/8479639.stm
The article has changed 13 times. There is an RSS feed of changes available.
| Version 2 | Version 3 |
|---|---|
| UK economy emerges from recession | UK economy emerges from recession |
| (20 minutes later) | |
| The UK economy has exited recession, after figures showed the economy had grown by a weaker-than-expected 0.1% in the last three months of 2009. | |
| The economy had previously contracted for six consecutive quarters - the longest period since quarterly figures were first recorded in 1955. | The economy had previously contracted for six consecutive quarters - the longest period since quarterly figures were first recorded in 1955. |
| There have been recent recovery signs - last week UK unemployment fell for the first time in 18 months. | There have been recent recovery signs - last week UK unemployment fell for the first time in 18 months. |
| The UK's had been the last major economy still in recession. | |
| Europe's two biggest economies - Germany and France - came out of recession last summer. Japan and the US also exited recession last year. | Europe's two biggest economies - Germany and France - came out of recession last summer. Japan and the US also exited recession last year. |
| 'Below expectations' | |
| "We can say that Britain has just crossed the line in coming out of recession," said BBC chief economics correspondent Hugh Pym. | |
| "It [the growth figure] was below analysts' expectations. The figure could be moved down, or indeed upwards." | |
| Our correspondent said the move out of recession had been greatly boosted by the government car scrappage scheme. | |
| Joe Grice, from the Office for National Statistics (ONS), said that the UK's production and service sectors each grew by 0.1% during the quarter. | |
| The ONS figures also showed that GDP fell by a record 4.8% in 2009. | |
| The UK recession began in the April-to-June quarter of 2008. | The UK recession began in the April-to-June quarter of 2008. |
| During 18 months of recession, public borrowing increased to an estimated £178bn, while output slumped by 6%. | During 18 months of recession, public borrowing increased to an estimated £178bn, while output slumped by 6%. |
| First estimates of how the economy has performed are made with about 40% of the data available, and Investec economist David Page has warned there is "plenty of room for surprises" in the figures. | First estimates of how the economy has performed are made with about 40% of the data available, and Investec economist David Page has warned there is "plenty of room for surprises" in the figures. |