Great Britan's economy with largest drop
The UK economy got more narrow in the first quarter more strongly than expected, showed preliminary data of the National Statistical Office in London. Gross domestic product declined by 1.9 percent compared to last quarter of 2008, which was reported a decline in gross domestic product by 1.6 percent. Contraction of the British economy, significantly higher than market expectations for a fall of 1.5 percent. According to today's report from the collapse of UK GDP on an annual basis during the first three months of 2009 reached 4.1 percent after a revised decline in today's report by 2.0 percent in the last quarter of 2008. Economic downturn, reported a third consecutive quarter is the biggest on a quarterly basis from the third quarter of 1979. And on an annual basis is the strongest of 1980. Decrease in production is a comprehensive industrial production decreased by 5.5% compared with 4.5 percent decline for the last three months of 2008, a decline in the services sector was 1.2 percent after a 0.8 percent decrease for the previous reporting period. Industrial production fell by 6.2 percent during the first three months of the year, this is the largest of its decline in 1948.
Labels: Business News, Financial News
posted by Zoritza Petrova @ 3:49 AM
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