This is a list of
recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various ...
s (and
depressions) that have affected the
economy of the United Kingdom
The economy of the United Kingdom is a highly developed social market and market-orientated economy. It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest by purchasing power pa ...
and its
predecessor states. In the United Kingdom and all other
EU member states
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been des ...
, a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted
quarter-on-quarter figures for
real GDP
Real gross domestic product (real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes (i.e. inflation or deflation). This adjustment transforms the money-value measure, nominal GDP, into an index for quantit ...
.
See also
*
List of recessions in the United States
There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, the consensus view among economists and historians is that ...
*
List of stock market crashes and bear markets
This is a list of stock market crashes and bear markets. The difference between the two relies on speed (how fast declines occur) and length (how long they last). Stock market crashes are quick and brief, while bear markets are slow and prolonged. ...
*
Office for National Statistics
The Office for National Statistics (ONS; cy, Swyddfa Ystadegau Gwladol) is the executive office of the UK Statistics Authority, a non-ministerial department which reports directly to the UK Parliament.
Overview
The ONS is responsible for th ...
References
External links
Office for National Statistics website
* ttp://www.bankofengland.co.uk/publications/inflationreport/irlatest.htm Latest Bank of England inflation report (PDF sections) br>Bank of England February 2009 Quarterly inflation report
- Much data, including (on p20) previous 3 UK recessions.
"What is the difference between a recession and a depression?" Saul Eslake November 2008UK economy tracker
BBC News - comparison of UK recessions - updated quarterly
{{United States–Commonwealth of Nations recessions
Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various ...
*
Financial crises
Recessions
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various ...
Recessions
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various ...
Financial history of the United Kingdom