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This is a list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted quarter-on-quarter figures for real GDP. Name Dates Duration Real GDP reduction Causes Other data Great Slump c. 1430 ...
The last and longest lasting of the 19th century recessions was the Long Depression, which began with the financial Panic of 1873 and induced a twenty three-year period of worldwide anemic growth and recession cycles which only ended in the late 1890s. The bursting of a railroad speculation bubble in the United States, heavily financed via ...
The Great Depression of 1929–32 broke out at a time when the United Kingdom was still far from having recovered from the effects of the First World War. Economist Lee Ohanian showed that economic output fell by 25% between 1918 and 1921 and did not recover until the end of the Great Depression, [3] arguing that the United Kingdom suffered a twenty-year great depression beginning in 1918.
The Long Depression was a worldwide price and economic recession, beginning in 1873 and running either through March 1879, or 1899, depending on the metrics used. [1] It was most severe in Europe and the United States, which had been experiencing strong economic growth fueled by the Second Industrial Revolution in the decade following the American Civil War.
The British credit crisis of 1772–1773, also known as the crisis of 1772, or the panic of 1772, was a peacetime financial crisis which originated in London and then spread to Scotland and the Dutch Republic. [1] It has been described as the first modern banking crisis faced by the Bank of England. [2] New colonies, as Adam Smith observed, had ...
The Eurozone recession has been dated from the first quarter of 2008 to the second quarter of 2009. [2] In the eurozone as a whole, industrial production fell 1.9% in May 2008, the sharpest one-month decline for the region since the Black Wednesday exchange rate crisis in 1992.
The Bank of England forecasted last month that the country could be at the start of an eight-quarter recession, the longest since reliable records began in the 1920s.
Post-war Britain. 8 May 1945 – 3 May 1979. Winston Churchill waves to crowds on Whitehall on VE Day, 8 May 1945, after broadcasting to the nation that the war against Germany had been won. Minister of Labour, Ernest Bevin, stands to his right, and Chancellor of the Exchequer, Sir John Anderson, stands to his left. Monarch (s)