UK National Economic and Social Research Institute, the British Government to take temporary fiscal easing in the short term, may play a role in boosting the economy.
Following after Belgium, the UK economy to return to the risk of recession is also increasing, which will further drag on the European economy toward recession.
The British National Economic and Social Research Institute said in a report by the drag of the European debt crisis, the British export prospects is suppressed, weak consumer and business confidence and credit conditions tight, rising unemployment, high cost of living is expected the first half of 2012, United Kingdom economy back into recession. Economic and social problems significant and long-term injuries, "the report warns, if not boost the job market, the United Kingdom will face. UK National Economic and Social Research expects that the 2012 British unemployment rate soared to 9.1 percent, despite the 2013 economic recession is easing, but a deeper level of structural unemployment still occur.
The British official data released last week show that the fourth quarter of 2011, the British economy shrinking 0.2% after the third quarter increased 0.6%, the UK's 2011 economic growth to 0.9%. If the first quarter of 2012 the British economy is once again decline, the country's economy has returned to the recession. Economists generally finds that a country's economy for two consecutive quarters goes down constitutes an economic recession. Previously, the Bank of Belgium announced that the fourth quarter of 2011, the country's gross domestic product (GDP), ring shrink 0.2 percent in the third quarter GDP to shrink 0.1 percent. Belgium has become the first return to the economic recession of the euro area member states.
British National Economic and Social Research (NIESR) has released the 2012 economic forecast report said it expects the UK economy will return to recession in the first half of 2012, throughout 2012 the British economy will shrink by 0.1 percent, weaker than the British responsibility for the budget office this year growth of 0.7% is expected World steel pipe network editing .
By the debt crisis of Europe, the euro area countries generally strictly enforced fiscal austerity, resulting in increased risk of overall economic recession. The Eurostat data will be released on the 15th economy in the fourth quarter of last year. The International Monetary Fund (IMF) expects the quarter eurozone GDP will fall about 1% to 1.5%. The latest Reuters survey showed the euro zone economy may occur this year, 0.3% of the atrophy. Including manufacturing, employment and consumption, including a number of the latest economic data showed the euro area economy has shown signs of atrophyWorld Steel Pipe , and uneven among the member countries is widening.