BBC News - UK economy in double-dip recession - 1 views
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double-dip recession
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Aili Saito on 07 Jun 12can be represented by a AD/AS graph (shift left in AD) -> leads to recession
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Aili Saito on 07 Jun 12UK was once in recession and they returned back into recession soon after
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construction output
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economic output was slightly smaller now
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everything we can" to generate growth
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production industries decreased by 0.4%, construction decreased by 3%
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government spending
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25% in public sector housing and 24% in public non-housing and with a further 10% cuts to both anticipated for 2013
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guarded optimism
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little more aggressive in terms of recruitment and investment.