If the Office for National Statistics had used a wider
measure of growth to measure their statistics then there would not have been a
recession.
The GDP was at its peak in 2008 and since such time has
dropped by 4%, however employment figures are still as high as they were before
the financial crisis.
A senior economist at Goldman Sachs has stated that there
has been no double dip recession, although he will admit that UK growth has
been slow over the last year. However,
Ernst & Young have been linked to saying that within the second half of the
year the high street will be making a come-back.
If your business is going through a hard time financially
with the recession hitting funds dramatically then speak to Beer & Young
about investment options available for you.
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