A country is considered to be in recession when its economy shrinks for two three-month periods – or quarters – in a row. Typically during a recession, companies make less money, pay falls and unemployment rises, leaving the government with less money in tax to use on public services.
EVN / BBCQueues remain at popular shopping destinations like London's Oxford StreetBoxing Day shoppers stayed away from the High...
What are interest rates? A quick guide Interest rates are big news when they change - but why? If...
Getty ImagesUS share prices slumped after the central bank cut interest rates for the third time in a row...
BBCHelen Scott said she had to wade through water to get to her flat, and woke up to an...
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