The first quarter of growth in the economy since 31st March 2008. We have seen 6 quarters (18 months) of recession in the UK and we are only now seeing a quarter of growth at a significantly low level of 0.1%. This early figure of 0.1 could infact go up or even down once further results come in, if it where to come down we could quite easily fall back in to recession.
The UK is the last major economy to recover from recession after Germany and France recovered in the summer 2009 whilst USA and Japan emerged from recession also last year.
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