Friday 23 October 2009

UK economy overtaken by Italy

Telegraph
"Britain's economy has been overtaken by Italy for the first time in a decade and a half, after official figures showed that the UK is now in the longest recession in recorded history....In 1987, the first time Italy overtook Britain’s economy, the landmark moment was dubbed “Il Sorpasso” and prompted wild celebrations in the streets of Rome. The UK then regained its prominence in the mid-1990s, and by 2000 its economy was some 35 per cent bigger than Italy’s."

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