The Economy of U.K & the Triple Dip Recession

[Name of the institute]

Introduction

U.K is considered to be the 5th largest economy within the world, specifically in respect of exchange rates and is considered to be the 6th largest economy in the world in terms of purchasing power parity (PPP). It has the second largest economy in Europe after Germany (MacDonald, 2008, p. 16-18).

The U. K is one of the most globalised nations, position 4th according to the latest study. The capital of United Kingdom is London, which is one of the three significant economical facilities of the world, along with New ...