New Worry Over Depth of Downturn in Britain [Edition 3]

Summary


BRITAIN is in a deeper recession than economists thought, official figures showed today.

The Office for National Statistics said economic output in the fourth quarter of 2008 was 1.9% lower than in the same period in 2007. It was weaker than the earlier estimate of a 1.8% fall and the worst performance since the second quarter of 1991.

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Extract


New Worry Over Depth of Downturn in Britain [Edition 3]

Having been higher before the news, sterling slipped 1.55...

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