Britain’s Economy Is a Disaster and Nobody Is Entirely Sure Why

Britain’s economy is a riddle wrapped in a mystery inside an enigma, but this much is clear: it’s a disaster. After its Olympics-fueled growth, such as it was, lifted it out of recession in the third quarter of 2012, Britain might be headed back after its economy fell 0.3 percent at the end of the year — the fourth time in five quarters its GDP has contracted. Britain’s now verging on a triple-dip recession, which is just another way of saying a depression.

But it’s not so simple.

Read Here – The Atlantic

 

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.