Monday, February 6, 2012

Slump Drags on as Service Output Drops

December 22, 2009 by admin · Leave a Comment 

The economy shrank by a worse-than-expected 0.2% between July and September, as Britain’s record recession dragged on. Experts had predicted a 0.1% third-quarter decline but a fall in output in the services sector dragged the economy lower, the Office for National Statistics said.
The gloomy figures confirm a sixth successive quarter of recession, with Britain’s loss [...]