UK Economy Recovers To Pre-Recession Levels - At Last! The UK economy has growth a slither over the pre-crisis levels of 2008 - 0.2% in GDP terms to be exact.
It has taken 25 quarters to achieve this - much longer than the previous recessions of 1991 (10 quarters) and 1981 (16 quarters).
It has been a long hard slog but the overall figures still mask imbalances in the UK economy. Although the Services sector (which makes up 78% of the UK economy) is up 3% since the crisis, the other main sectors are still down heavily from pre-crisis times. Production (down 11.3%), Construction (down 10.7%) and Agriculture (down 5.6%).