Recession of 2009/Timelines: Difference between revisions
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===Autumn 2008=== | |||
Credit crunch gets worse in the US [http://www.aztreasury.gov/media/WallStreetJournal-10-08.html] and the UK [http://www.ey.com/Global/assets.nsf/UK/Economic_outlook_Autumn_2008/$file/Economic_Outlook_Autumn_2008.pdf]. | |||
The oil price falls. (October US light $67/barrel, down fron July $147 peak)[http://www.msnbc.msn.com/id/12400801/]. | |||
UK output falls - by 0.5% between second and third quarters of 2008 [http://news.bbc.co.uk/2/hi/business/7686552.stm]. |