Why recession isn't a problem

Article Abstract:

There is a possibility of a United Kingdom recession and this would bring obvious costs such as unemployment and business failures, yet the problem lies with business cycles rather than recessions themselves, which are only a part of the cycle. Jobs can be lost in a recession and they can be obtained in a boom. The impact of recessions on economic growth was initially seen as a problem because productive potential could be lost for ever. Yet recessions can remove inefficiency from the economy and in this sense they keep an economy healthy.

Business cycles

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Get ready for the recession of 1998

Article Abstract:

United Kingdom economic growth could slow in 1998 and a recession could occur. Profit margins are affected by the high value of pound sterling. Inventories are at high levels and recession could be triggered by inventory cuts. Increases in taxes and interest rates could depress consumption while real wages and employment are likely to be be affected by pressure on exporters' profits. Inflation is also likely to rise and could depress consumption.

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Recession fears overplayed

Article Abstract:

Economists believe the UK will not slide into recession and will see steady growth in 2002 in spite of the economic downturn in the US and lower share prices. Lower interest rates are expected to help avoid a recession.

Forecasts and trends, Economic development

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