Current+Event+4

Current Event 4

http://news.yahoo.com/official-u-k-recession-151850597--finance.html

The UK's economy is experiencing for the first time since 2009. In the first months of 2012 their GDP shrank .3%. For the past year the UK's economy has been struggling and barely passing by, and is currently struggling even more. The recession was predicted before. The recession is being blamed on trading partners like Denmark, Italy, Holland, and Spain.

http://news.yahoo.com/porsche-braced-smaller-sales-gain-china-145237695--business.html

China's economy has been the slowing down in the past 3 month. Porsche thinks that the economy in China is fairly stable although their sales have dropped 1.3% in the passed year, they think that by the end of 2012 there will be a reasonable increase in sale in China. Porsche's sales increased 65% in the passed year.