Link to article at Channel 4 News
Last Modified: 24 Oct 2008
By: James Blake, Faisal Islam
After 16 years of growth, the British economy has shrunk and could slip into recession in the new year.
A recession only becomes official if the economy has two successive quarters of negative growth.
But gross domestic product fell by 0.5 per cent between July and September so the economy will be in recession if that trend is repeated between October and December.
Saturday, 25 October 2008
Thursday, 2 October 2008
The Bak Bailout: How Would it Affect Us..?
Link to the article: Channel 4 News
Within a week in October 2008 the US and UK governments were forced to bailout their banks in order to save the economic system as the credit crunch began to bite.
Within a week in October 2008 the US and UK governments were forced to bailout their banks in order to save the economic system as the credit crunch began to bite.
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