Recession is finally over – it’s official
Good news – figures out today show that the longest economic depression in British history is officially over.
The Office for National Statistics (ONS) released new statistics showing that the economy grew by 0.8% in the second quarter of this year.
With this increase in gross domestic product (GDP), the economy has finally surpassed the size it was at the beginning of the recession in 2008.
It is now 0.2% ahead of its pre-crisis peak, which was in the first quarter of 2008.
In another boost, the International Monetary Fund (IMF) upgraded Britain’s growth forecast from 2.8% to 3.2% for this year.
The IMF also said that UK growth this year will be stronger than in any other major economy.
It will be the strongest single year since 2007, before the economic crisis.
The IMF is the fourth successive by the organisation in a year.
The growth is good news as we face another glorious weekend. Whatever you are up to this Saturday and Sunday? Whether it is househunting, planning a project or just enjoying the weather – have a great time.
Don’t forget, our friendly and experienced team are on hand, whatever your needs – including surveys for homebuyers and all kinds of specialists services for businesses.
Email us at [email protected] or call 02392 697193 for an informal, no-obligation discussion or visit the services section of our website.
You can find out more about the growth figures by visiting http://www.bbc.co.uk/news/business-28479902
Good news – figures out today show that the longest economic depression in British history is officially over. The Office…