1956 UK Recession Before EEC/EU Membership

News Article by David Cameron Law on 15th June 2019

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Causes: Uncompetitive motor industry, inflationary pressures, credit squeeze caused by high bank rate, effects of the Suez crisis – oil embargo by NATO and other Arab countries.

Period in Recession

1956 Q2: -0.2%
1956 Q3: -0.1%

Total of 2 quarters in recession.

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