Friday, January 23, 2009

UK GDP Down at Lowest QoQ Level in 29 Years

FT Alphaville reports:

The UK's in recession and it's worse than we thought. The quarterly figure is the biggest (decline) since Q2 1980, while full-year GDP is the weakest since 1992. The standout disaster was manufacturing, down 4.6 percent on the quarter.

No comments:

Post a Comment