What are the four periods as far as the development of the British economy since WW Ⅱ is concerned? What are the features of each of these periods?
【正确答案】：（1）from 1945 to 1979: The UK enjoyed a long period without a major recession（from 1945 to 1973）. Since 1973, British economy fell into of oil crisis and stock market crash. The UK recorded weaker growth than many other European nations in the 1970s. Though the government made every effort to turn the tide, including requesting a loan from IMF, but they failed.
（2）from 1979 to 1997: A new period of neo-liberal economics began in 1979. The economy recovered rapidly with newer industries and service enjoying significant growth during the 1980s. British economy got modernized but growth of unemployment became a big issue. However, the British economy slid into another recession in the late of 1990. But the recovery was extremely strong.
（3）from 1997 to 2008: Since 1997, there were 40 successive quarter of economic growth, lasting until the second quarter of 2008. The previous 15 years had seen one of the highest economic growth rates of major developed economies during that time and certainly the strongest of any European nation. The UK entered a recession in 2008.
（4）from 2008 to 2013: The UK entered a recession in Q2 of 2008 with the following of six consecutive quarters of negative growth, and exited in Q4 of 2009. The UK experienced a slower recovery.
【题目解析】：参见教材P140-142。
掌握“Development of the British Economy Since WWⅡ”知识点。
