Britain Breaks Out of Recession, but Just Barely.

Source: nyt

Britain finally broke out of recession in the final three months of 2009, government data showed Tuesday, with the economy notching a feeble increase after six straight quarters of contraction. . .

The country was the last of the Group of 7 industrialized nations to exit the recession, lagging France and Germany. Spain, which reports fourth-quarter G.D.P. next month, is alone among major European economies in not having emerged from recession.

The British economy, which boomed during the credit bubble as the housing and financial sectors soared, found itself more vulnerable in the bubble’s aftermath because of its reliance on those two areas.

http://www.nytimes.com/2010/01/27/business/global/27pound.html?hp



Read more: http://www.nytimes.com/2010/01/27/business/global/27pound.html?hp

oh, that's right. they are doing it the right way

ignore

America is also out of it's recession. A "jobless recovery." Of course since we gave wall street all of our money and no jobs were created, our economy is in great (depression) shape. We are a member of the "group of 7."

What a concept! They taxed the Very Rich.