The Times
"The dramatic fall in GDP, the total value of all goods and services produced by a country, is far higher than the 1.6 per cent contraction predicted by Alistair Darling in the Budget. ....., the International Monetary Fund said that it expected the UK economy to shrink by 4.1 per cent this year and for the slowdown to continue into 2010, when GDP will contract by 0.4 per cent. ....Colin Ellis, chief UK and European economist for Daiwa, said: "Today's data are undoubtedly bad, and could serve as a rude awakening to anyone who had started dreaming of an eventual recovery (stand up, Mr Brown)."
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