Economy's escape from recession stronger than previously thought
Filed under: Financial Crisis
Britain bounced back from recession more strongly than previously thought at the end of last year, leading experts to say that the recession is over properly - at least for now.The economy grew by 0.3% in the final three months of last year, rather than 0.1% as previously estimated, according to revised figures from the Office for National Statistics. A small boost for Gordon Brown's government ahead of the election.
Does this mean we're out of the woods? No, unfortunately not. The spectre of a double-dip recession and potentially a sterling crisis still loom on the horizon.

British consumers are feeling much more confident about the economy and their own finances now than they were 12 months ago, according to Britain's largest building society Nationwide.
Things look grim up North.
Britain finally emerged from recession at the end of last year, but only just.
A study out today calculates that the number of people who have lost their jobs in the recession is far higher than the official figures show. In fact, it estimates that the real figure is double the government numbers, and stands closer to 1.3 million.
The pound has perked up a bit lately but there is no escaping the fact that going abroad has become much more expensive in the last couple of years.
Retail sales were a washout last month, because shops kept their prices high. So retailers actually had quite a good Christmas, with higher prices sending the shop tills ringing. But it was bad news for shoppers.
There was another steep fall in the dole queues last month, raising hopes that the economy is finally emerging from recession.
Inflation shot up to 2.9% last month - much more than expected.
Why is the UK the last G20 nation still mired in recession?
It has been another grim year for the world economy, but 2009 could have been a lot worse than it was.
After the global economy suffered another bad year and recovery looks to be slow and protracted, we look back at some of the lighter moments of 2009.
As we near the end of a turbulent year for our finances, we look back at some of the highs and lows as reported on Walletpop...
Hopes that Britain's recession may have ended in the summer were crushed by official figures yesterday morning, and the outlook for the next few years is decidedly gloomy.
Ever had that feeling that there's a really great party going on and you're not invited? 







