UK economic growth revised up to 0.6%

Originally by: http://www.bbc.co.uk/news/business-16300104 Published: 22 December 2011

Since the economy started growing again in the UK in mid-2009 it has regained just over half of the output lost during the five quarters of contraction. Because of the flat growth, analysts warned that the UK economy is still expected to struggle in the months ahead. James Knightley from ING told BBC that when the debt crisis could come to a head early next year, any credit crunch would be a massive constriction on the economy and UK could turn back into recession. According to the British Chambers of Commerce chief economist David Kern, an effective credit-easing program should be implemented as quickly as possible, along with measures to reduce red tape, cut business rates and support exporters.

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Just like the UK, the Netherlands has also suffered from the economic crisis which started in 2008. After the crisis the economy in the Netherlands grew later than the UK, but the growth was much stronger and stable.  This strong growth is resulted by the incentives of the Dutch government. Without the incentives the Dutch economy would also have shrunk in 2010. So considering the effects of the incentives in the Netherlands, I agree with David Kern to implement an effective  credit-easing program in the UK. I think this program will help the UK to recover more effectively and efficiently from the crisis and will help the economy start growing again in the UK.