Friday 24 July 2009

Britain's hopes of a quick recovery from recession dashed as GDP disappoints

Telegraph
"Hopes that Britain will soon emerge from the worst recession in decades were dealt a blow on Friday after figures showed the economy shrank more than feared in the last three months. .....The figures are "shockingly bad and firmly dash any hopes that the UK had already pulled out of recession," said Vicky Redwood of Capital Economics. "Overall, it still looks likely to be a long hard slog to get the economy back on track."

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