Triple Dip Recession in United Kingdom

Triple Dip Recession in United Kingdom

Introduction

This essay will analyze the statement that “Many Experts claim that the UK is heading for an unprecedented Triple Dip recession”. The British economy shrank by 0.3% in the last quarter of 2012. The recovery is expected. The austerity of the Cameron government is criticized. This year United Kingdom's economy fell into recession for the third time after those of 2008 and 2011-2012. In the last quarter of 2012, UK's GDP fell by 0.3%, growth was zero throughout the year due to which various sectors in the economy faced negative ...