The country is frozen and without economic growth despite the efforts of the porky controller and his chief engineer in the signal box.
Updated: 7th August 2014. The country has achieved an estimated return to growth in Gross Domestic Product ie. that the amount of economic wealth produced by the end of July 2014 exceeded that of January 2008 (the point at which the recession/depression is widely acknowledged to have started to appear in official statistics). The FT has a report here (registration may be required).