It's Official ; Dire Stat E of Uk Economy Britain in Recession As Factory Output Plunges

Daily PostJanuary 24, 2009

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Summary


BRITAIN'S fall into recession became official yesterday after dire figures showed the biggest decline in economic output since 1980.

The UK economy contracted by 1.5% in the final three months of 2008 - worse than expected by analysts and sparking fears of a deep and prolonged recession.

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Extract


It's Official ; Dire Stat E of Uk Economy Britain in Recession As Factory Output Plunges

Output has not fallen so badly for more than 28 years, with the economy last suffering a bigger plunge in the second quarter of 1980 when the UK was ba...

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