The jobless recovery

With many nations now showing positive GDP growth, it is important to remember that unemployment will persist as firms are hesitant to increase their workforce until they

are at full capacity once more.

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USA experiences GDP growth once more...

Mostly driven by consumer demand, US GDP rose by 3.5% in the 3rd quarter (annualised rate). Read the Wall Street Journal article here...

The BBC website have also published a debate between 2 economists on the future of the US economy.
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Road to recession

Excellent timeline from The Guardian, tracking the 12 months leading up to January 2009, when Britain officially entered recession.
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Also from The Guardian - a timeline of the events from January to October 2009.
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Which countries are out of recession?

Find out which countries either dodged recession altogether or are currently out of recession and in growth.

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It's official...

The UK is not out of recession!

The Office for National Statistics has calculated that UK GDP continued to shrink in the third quarter of 2009, falling by 0.4%. This makes this recession the longest since records begain in 1955. City traders have criticised economists for over optimistic forecasts, and the value of sterling has fallen on the news. However, these figures may be revised slightly as they are only a first draft.

read more in The Times

read, watch and listen on the BBC

UK likely to be last out of recession - The Guardian

OECD indicators of recovery

OECD composite leading indicators (CLIs) for August 2009 continue to point to recovery in all major economies. This is an interesting set of indicator values for AH students to examine in more depth.

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UK Unemployment growth slows

UK Unemployment continues to rise, but the rate of growth is starting to slow, according to latest figures.
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Check out this excellent interactive graphic from the Guardian displaying UE trends since 1984.
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Bank of England reveals return of growth but falling inflation

The Bank of England is beng cautiously optimistic about UK growth but both CPI and RPI continue to fall.
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Press release from the Office for National Statistics

Russian economy expected to shrink 7.5% in 2009

Russia still to find secret of recovery.
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Pound hit by falling UK inflation

CPI has fallen to 1.1%, making it likely that UK interest rates will stay low... which in turn is causing an outflow of hot money... and causing further falls in the value of sterling!!
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