For a Canadian, it was hard to miss the fact that Queen Elizabeth II recently celebrated her Diamond Jubilee, marking 60 years on the throne. After ascending to the throne in February 1952, the Queen has seen the UK and the Commonwealth countries through a lot, including everything from conflicts in Ireland, Argentina, and the Middle East to the much publicized death of Diana, Princess of Wales.
And her 60th year on the throne is not going to be an easy one. The GDP of the UK fell in the first quarter of 2012, following a small drop in the last quarter of 2011, formally placing the UK back into a recession. This double-dip recession stings a bit given that the UK only recently emerged from the global recession in 2009, and there was reason to hope that the economy would continue to recover gradually. UK Prime Minister David Cameron has taken a lot of heat for this, with many people blaming strict austerity measures that have curtailed government spending and have resulted in households being unwilling to spend on big-ticket items.
These problems have been reflected in the medical device industry as well, with many UK patients opting to delay or forego elective procedures such as dental implant or spinal implant placements. It is worth noting, however, that the effect in the UK is not as pronounced as in Spain or Italy, where the debt troubles have taken a deeper toll.
Nonetheless, it is clear that the UK still remains miles ahead of where they were in 1952, when Queen Elizabeth was first crowned. As writes Boris Johnson, the Mayor of London, In her 60 years on the throne she has seen the people of this country grow incomparably richer, healthier, and (arguably) happier than they were in 1952. So it is likely that she will take this latest hurdle in stride.
Here's to you, Queen Elizabeth!