Thursday, 29 October 2009

Britain out in the cold as US exits recession

The Times
"Gordon Brown is facing growing embarrassment over Britain’s recovery after it became the world’s only major economy still in recession as America returned to growth in the third quarter. ...Britain, the world’s sixth largest economy according to the World Bank, was widely expected to have recovered in the third quarter.However, shock figures, released last week, showed that the UK economy contracted between July and September, leaving the country battling the longest recession on record."

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