Submitted by admin on Mon, 06/01/2009 - 08:44.
The impact that a recession has on the economy
The U.K. slow down i.e. people have reduced spending, produces a slow down in production and this produces cut backs. So many industries are feeling the squeeze, retail, building and development, importing & exporting, travel, car trade, etc, etc,… this climate is very uncomfortable for most businesses to consider investing or expanding.