GDP set to take 6 years to reach the last peak
Thursday, July 23, 2009
by Geoff Riley
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The National Institute of Economic and Social Research think that the economy recovery will be long and slow, a hard slog from the trough with the economy having to adjust to a permanent loss of national output as a result of the recession. In this BBC news video report Stephanie Flanders takes a quick look at 2008 - the year when the cycle turned.
Categories: A2 Macro AS Macro Cycles and Shocks UK Economy Recession Watch
Tags: recession, unemployment, economic cycle, stephanie flanders, recovery, peak, trough, national institute
Tags: recession, unemployment, economic cycle, stephanie flanders, recovery, peak, trough, national institute
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