What is a recession?

Technically, a recession is defined as two successive quarters of what is known as 'negative growth.'

For this to happen, the amount of goods and services produced by the UK - our gross domestic product (GDP) - would have to contract on a quarter by quarter basis for a total period of six months.


UK back in recession

David Cameron says there will be "no change" in the way his government is handling Britain's economy after the country slipped back into recession. Figures show an estimated 0.2% quarterly decline in GDP.