The UK economy has returned to modest growth of 0.1% in the fourth quarter of 2009, according to the latest figures from the Office for National Statistics. The figure was below City expectations and follows 18 months of contraction in GDP.

Richard Lambert, CBI director-general, said the UK should aim to achieve "as much economic growth as we possibly can" to avoid "serious damage" to our standard of living and employment.

He added: "Without growth, unemployment will not fall back to its pre-crisis levels, and the life chances of a generation of young people will be seriously impaired. Without growth, it will be next to impossible to restore the public finances to health, no matter how far spending is cut.

"Achieving an annual growth rate of three per cent over the next five years would yield around 300,000 more jobs and an additional £35bn reduction in the public sector deficit than would be achieved if we only grew at two per cent."

The TUC also warned that there is a threat of a "double dip recession" – when GDP slides back into negative growth after a positive quarter.




http://www.i-l-m.com/publications/2363.aspx?articleid=19577631&articleheading=UK+economy+moves+out+of+recession

why dont you move this to 'foreign' section.

UK is clearly far and wide from naija.

Otawa where is the foreign section on nairaland

Who gives a hoot; excuse my language

heritage00:

Otawa where is the foreign section on nairaland

This is the foreign section (under politics)

https://www.nairaland.com/nigeria/board-61.0.html

Who cares if the U.S. are still in resession?