Recession of 2009/Timelines
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Autumn 2008
Credit crunch gets worse in the US [1] and the UK [2].
The oil price falls. (October US light $67/barrel, down fron July $147 peak)[3].
UK output falls - by 0.5% between second and third quarters of 2008 [4].
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 [5]