UK economy

The UK economy is undergoing a serious recession. The graphs above are the main macro economic indicators.

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.

The pound is currently in its 10 year low (against the EURO).
Apparently, it will continue to weaken till after the 1st quarter of next year before stabilizing.

Exchange rate is now: 5.40 (against the dollar).

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