Recession of 2009/Timelines: Difference between revisions
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UK output falls - by 0.5% between second and third quarters of 2008 [http://news.bbc.co.uk/2/hi/business/7686552.stm]. | UK output falls - by 0.5% between second and third quarters of 2008 [http://news.bbc.co.uk/2/hi/business/7686552.stm]. | ||
Bank of England slashes its discount rate by an unprecedented 1.5 per cent to 3 per cent. | |||
US output falls - by 0.3% between second and third quarters of 2008 [6] | US output falls - by 0.3% between second and third quarters of 2008 [6] | ||
China's GDP growth rate falls - to a 9 per cent increase in the third quarter of 2008 over the 3rd quarter of 2007 [http://www.econbrowser.com/archives/2008/10/middle_kingdom.html] | China's GDP growth rate falls - to a 9 per cent increase in the third quarter of 2008 over the 3rd quarter of 2007 [http://www.econbrowser.com/archives/2008/10/middle_kingdom.html] | ||
Revision as of 06:30, 6 November 2008
Autumn 2008
The oil price falls. (October US light $67/barrel, down fron July $147 peak)[1].
UK output falls - by 0.5% between second and third quarters of 2008 [2].
Bank of England slashes its discount rate by an unprecedented 1.5 per cent to 3 per cent.
US output falls - by 0.3% between second and third quarters of 2008 [6]
China's GDP growth rate falls - to a 9 per cent increase in the third quarter of 2008 over the 3rd quarter of 2007 [3]