Biggest Decline in Uk Economy for 50 Years ; Recession Worst Since Records Began

Daily PostJuly 02, 2009

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Summary


THE UK economy recorded its sharpest decline in more than 50 years during the first quarter of 2009, figures showed last night.

And revisions to figures revealed the current recession began earlier than first thought, with a 0.1% decline seen between April and June last year, compared with previous estimates of zero growth.

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Biggest Decline in Uk Economy for 50 Years ; Recession Worst Since Records Began

Output fell 2.4% in the first three months of the year - the fastest rate since 1958, the Office for Na...

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