Britain's economy shrank at its sharpest rate in 30 years in the first three months of 2009 and more dramatically than expected, official data showed on Friday, suggesting the recession may be deeper than feared.
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Friday, April 24, 2009
British economy: Sharpest decline since '79
First-quarter GDP falls at 4.1% annual rate. Analysts had expected a 3.8% contraction.
Britain's economy shrank at its sharpest rate in 30 years in the first three months of 2009 and more dramatically than expected, official data showed on Friday, suggesting the recession may be deeper than feared.
Britain's economy shrank at its sharpest rate in 30 years in the first three months of 2009 and more dramatically than expected, official data showed on Friday, suggesting the recession may be deeper than feared.
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