The United Kingdom is considered to be in a depression and will be until the year 2013 according to the UK think tank -- National Institute for Economic and Social Research (NIESR).
The NIESR says its findings justify "the further loosening of UK monetary policy."
You can read more about the economic forecast of the NIESR in the BBC News - UK article, "UK economic output loses five years, says NIESR."
"UK economic output loses five years, says NIESR." BBC News - UK 7 December, 2011.
The NIESR says its findings justify "the further loosening of UK monetary policy."
You can read more about the economic forecast of the NIESR in the BBC News - UK article, "UK economic output loses five years, says NIESR."
"UK economic output loses five years, says NIESR." BBC News - UK 7 December, 2011.
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