The world might have believed that the UK economy had prospered, but the results of the last three months reveal the ignored doomsday.
In the last three months, the Britain economy has shrunk in an never before expected manner.
When the Gross Domestic Product of UK’s economy fell to 0.5 pc. The last three months report a bigger drop to 0.6 pc now. The dip would severly effect UK’s standard of living.
Definitely, the UK market needs to wait a little longer to return to the pre-credit cruch state. Investment and constuction are the main reasons behind the continuing slump. The growth of production agencies like mining and manufacturing has been very slow.
Though, the value of pound against Euro might not change, remaining at 1.17 euros, it suffered a set back of 0.5%.
With cosumer confidence collapsing, the economy still needs to fight against inflation and growing unemployment.
Bounceback
Irrespective of the disappointing figures, the economists hope for a bounceback. The bigger squeeze in, starting from the mid of 2011, might pose treacherous risks.
With the value of imports overwhelming those of exports, the expediture and investment faces a strict danger.
Even the concern over the cuts programme foresee debates, if the same situation continues.
shubhdachaudhary 