After shrinking by 0.2% in the first three months of 2012 the economy in the United Kingdom enters a recession period. This lead a serious fall in the construction output, the recession is defined as two consecutive quarters of contraction.
BBC economics editor Stephanie Flanders stated that it “adds to the picture that the economy is bumping along the bottom.” Flanders informed that the economic output was slightly smaller than in the autumn of 2010.
The United Kingdom economy was last in recession in 2009. Now Prime Minister David Cameron stated that the figures were “very, very disappointing.” The economic fall in the government occurred due to the particularly large fall in the construction sector. (AV)