According to the forecasts of the National Institute of Economic and Social Research (NIESR), a recession in the UK and completed the first time since May last year, the country's economic recovery begins. According to the latest NIESR estimates that over the summer months, GDP grew by 0.2%, while in May-June-July, it fell by 0.3%. This statement is based on the morning of the official data released today, according to which the current pace of production growth are the highest since January 2008. However, NIESR forecasts contradict data released just before the Organisation for Economic Cooperation and Development, which indicate that the economic recovery can be expected no earlier than 2010. However, NIESR warns that began the rise should not be confused with a comprehensive economic recovery. "Perhaps we are now experiencing a period of stagnation, when the GDP volume from month to month then grow, then diminish. Do not confuse the end of the recession, with a return to normal economic conditions. " Recovery rates of growth in the automotive industry led to the fact that during the period from June to July, the GDP grew by 0.9%, which is the highest figure over the past three years. On this Site telegraph.co.uk
In the UK, the recession ended?
10.09.2009
Homesoverseas.ru editorial office
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