Question:

Is UK economy suffering from crises?

by Guest7312  |  12 years, 6 month(s) ago

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Why UK economy suffered shock in the past few months, what are the causes for economic depression?

 Tags: crises, Economy, Suffering, UK

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  1. Guest42
    The severe weather hit activity in the quarter, but the Office for National Statistics (ONS) said even if the weather impact had been excluded, activity would have been "flattish".

    Economics editor Stephen said that people’s fear  were right about the UK economy will suffer depression in the coming future and the situation will worsen in the coming days.
    The contraction took economist by surprise, as forecasts had been for growth of between 0.2% and 0.6%.The biggest fall occurred in the construction industry with activity decreased by 3.3 % in the quarter.  This is great loss and an absolute disaster for the economy.
    While today's GDP figures are backward looking, they are nevertheless crucial to understanding the resilience of the economy to shocks. It seems that the economy is incredibly vulnerable. And with the fiscal tightening yet to fully bite, we will have to brace ourselves for a bumpy ride.

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