Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

British economy shrinks fastest since 1958

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

AFP
Tuesday, June 30, 2009

The recession-battered British economy shrank at its fastest pace in more than 50 years in the first quarter of 2009, revised official data showed on Tuesday, amid the worst global slowdown in decades.

Gross domestic product (GDP) contracted 2.4 percent in the first three months of the year from the final quarter of 2008, said the Office for National Statistics.

“GDP in real terms fell by 2.4 percent compared with the previous quarter, revised down from last month’s estimate of 1.9 percent. This is the largest decrease since the second quarter of 1958,” the ONS said in a statement.

Full article here

British economy shrinks fastest since 1958 290509banner

This article was posted: Tuesday, June 30, 2009 at 3:03 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Nanny State to Ban Toasters, Kettles & Hair Dryers! See the rest on the Alex Jones YouTube channel.

Obama Bypassing Congress to Sign UN Climate Change Deal See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.