Saturday, Jan 10, 2009
NIESR: Worst Quarter For UK Since 1980
Bloomberg: U.K. Economy Shrank Most Since 1980 Last Quarter, Niesr Says
The U.K. economy shrank at the fastest pace in almost three decades during the fourth quarter as the recession deepened, the National Institute for Economic and Social Research said.
Gross domestic product fell 1.5 percent in the three months through December, compared with a drop of 0.6 percent in the third quarter, the London-based institute, whose clients include the Treasury and the central bank, estimated in a report today. That would be the worst quarterly contraction since 1980.
Posted by 51ck-6-51x @ 12:21 PM (311 views) Add Comment
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