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| UKstate.info - UK
Business |
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| In the last quarter (Q3 2008), GDP fell 0.5%.
GDP is also forecast to fall this quarter. The UK
economy is currently in an official recession. In
2009, the UK economy is predicted to stay in
recession, hopefully recovering in the last 2
quarters. |
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2. Inflation
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After being
above target for
2008, UK
inflation will
fall sharply in
2009. (see:
inflation) The
MPC now worry
that inflation
could fall below
their lower
target of CPI
1%. If the
recession is
deeper than
anticipated
there is a
danger of
deflation.
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Unemployment
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