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UK officially leaves recession

Well, it’s finally official; the UK has left behind recession status, but barely scrapes a positive economy growth to do so. The UK economy managed a measly 0.1% growth in the last quarter of 2009, which was lower than what many analysts were predicting.

Despite the somewhat meagre increase, it was a positive positive change nonetheless, so it means that technically the UK economy is on the way to recovery. Although the terminology is an improvement, the Chancellor of the Exchequer, Alistair Darling warned that he would ‘remain cautious’.

He also added: “Let’s be clear - this is about as weak growth as you can get.”

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