Darling: Clear Signs UK Out of Recession, Bumpy Road Ahead

There are clear signs the UK economy is now out of recession, but it faces a bumpy road ahead, Chancellor of the Exchequer Alistair Darling said following the release of highly disappointing Q4 GDP figures.

The Q4 data showed the economy only growing 0.1% on the quarter, which technically marks the end of the UK recession.

“If you look at what is happening across the world, what is happening in this country there are now clear signs that we are coming through the recession, that we are now out of recession,” Darling said in a Sky TV interview.

Source: iMarketNews

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza