Friday, 23 January 2009
The UK is now in recession for the first time since 1991, official government figures have confirmed.
Gross domestic product fell by 1.5% in the last three months of 2008 after a 0.6% drop in the previous quarter.
That means that the widely accepted definition of a recession - two consecutive quarters of negative economic growth - has been met.
http://news.bbc.co.uk/1/hi/business/7846266.stm
boom
Ok so it was "the credit crunch" since 2007, the fact still remains that people have been short on money for 5 years.
My point still stands, you were in the champions league in 2009 and that's almost 4yrs we've been in a recession so why now?
If you think that's a "victory" you're an idiot, I wouldn't have even bothered with that post as it only shows i got the official recession start date wrong, everything else I posted still stands and yet you both choose to ignore it.
talk pish!!
