Friday, Jan 15, 2010
So is that it? Is it back to boom now?
Business Week: Britain Finally Escapes Recession
Britain's worst economic downturn since 1921 is finally over, a leading economic think-tank said yesterday.
The National Institute of Economic and Social Research (NIESR) said Britain had contracted by 4.8 per cent in 2009 and described the downturn as "a depression". That contraction is the worst for 90 years, and more severe than in any single year of the Great Depression.
Posted by pepto @ 09:44 AM (366 views) Add Comment
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