The UK's economy has been experiencing growth for nine years consecutively; where the average rate of growth has been 2.5%. The last recession in the UK ended in the last quarter of 1992. However, it is important to note that in recent years, real output has been rising below the average rate of growth [2.5%] therefore, this can be defined as an economic slowdown – where economic growth is rising but at a slower rate. On the other hand, in 1988 when real GDP % change reached 5%, UK is classified to be experiencing a boom.

UK's sustained growth over the past decade has been described as an ‘economic miracle' by many economists. The reason behind this ‘economic miracle' during the early nineties was due to the North Sea Oil and foreign investment. Additionally, government policies have improved labour relations, thus providing the encouragement of small-scale enterprises and self employment.

The UK's economic growth arise from an increase in consumer's demand, thus......

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Title: Streetcar Named Desire
Approximate Word Count: 368
Approximate Pages: 2 (250 words per double-spaced page)

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