UK Economy - Triple Dip Recession Looms Large


National output declined by 0.3% in the final three months of 2012 bringing into focus the real possibility of the first ever triple dip recession for the British economy. Growth has been weakening for some time; consumers are under pressure, capital investment remains subdued and our export industries are being hit by low demand in key export markets - despite a competitive exchange rate. Overall real GDP showed no growth at all in 2012 and the level of national production of goods and services remains well below the height reached just before the recession first arrived in 2008. 

The OECD estimates that the trend growth rate for the UK economy is now less than 2% per year. A new normal growth rate this low poses many questions for businesses that have perhaps been waiting for a stronger rebound in confidence and spending to happen. 

Channel 4 news





Job board

Teacher of English

St Albans Girls' School, St Albans

Join the tutor2u community

With a tutor2u account you can access extra features to support your teaching & learning.

Subscribe to the daily digest

Curate your own content

Track your training schedule

Manage your resource library

Receive job alerts

Join the community

Already joined? Sign in now ›

More From the Digital Store

Topic-by-topic editable PowerPoints on all the key topics for the Year 2 teaching content for OCR A Level Economics

£100.00 (+VAT)

OCR Economics (Year 2) Teacher Topic PowerPoints

A full copy of all the teaching & learning resources provided to delegates attending the Achieving A* in A Level Economics course

£75.00 (+VAT)

Achieving A* in A Level Economics - Course Resource Pack

This is the comprehensive PowerPoint used in the A Level Economics revision webinar titled Essential A Level Economics: Year 2 (Micro) - Costs of Production.

£2.00 (+VAT)

Essential A Level Economics: Year 2 (Micro) - Costs of Production

Recruitment

Advertise your vacancies with tutor2u

Much cheaper & more effective than TES or the Guardian. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences.

Find our more ›

Advertise your teaching jobs with tutor2u