6 of 6
BACKNEXT
United Kingdom: Signs of life
United Kingdom: Signs of life
GDP: -0.7%
Inflation: 1.6%
Unemployment: 7.9%
Markets: 32.6%
Interest rate: 0.5%

The United Kingdom hasn't officially emerged from the recession, but the country has shown signs that it is starting to break away from its slump.

Great Britain's services sector grew in August at the fastest pace in almost two years. Factory output has started to rebound after massive declines throughout the downturn. And the latest business and consumer confidence surveys showed slight improvement.

Economists also say Britain has avoided the threat of massive deflation by keeping the printing presses on around the clock. The Bank of England has printed $290 billion in an attempt to jumpstart the economy.

As a result, Mervyn King, the governor of the Bank of England, told Parliament this week that the recession may soon be over.

Still, Prime Minister Gordon Brown has said that he plans to continue the nation's stimulus efforts at least through next year. That may be necessary, given last month's unemployment figures jumped to their highest levels since 1995.

NEXT
Last updated September 24 2009: 11:03 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Source: IMF, national statistics offices, central banks, FTSE 100
More Galleries
Some Converse copycats cost big bucks A few bargain brands got swept up in Chuck Taylor's net, but others cost a pretty penny. More
Urban infrastructure gets a second life Railroad beds become parks, power plants become aquariums and slaughterhouses are now art centers as an industrial past turns people-centric. More
Boomtown moms From working mothers raising their kids in RVs to stay-at-home moms who spend their days organizing events for the Oil Wives club, meet the moms of North Dakota's oil boom. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.