Not only has the industry weathered the 2008 financial crisis, but recovery in output helped the UK avoid a triple -
dip recession earlier this year.
Not exact matches
The number of households in which no one works rose dramatically during the
recessions of the
early 1980s and 1990s, rising from seven per cent in 1975 to almost 20 % today, never having
dipped significantly throughout the long boom.
While the influential body is not predicting a double -
dip recession and expects the rate of growth to pick up later in the year, Lambert expresses concern about the
early months of 2011.
«Confidence has double -
dipped in the last two recoveries (in
early 1992 and
early 2003) without the economy falling back into
recession and the June pullback in confidence is far less severe than either of those two episodes,» according to an RDQ research note.
Baby boomers who came of age in the
early 1980s similarly faced a negative climate because of a double -
dip recession and double - digit mortgage rates.