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Tag Archives: Office for National Statistics

UK Economy Reports Worst Contraction in 50 Years

01-Jul-09

The UK Economy has definitely seen better days, as yesterday it reported the worst contraction in 50 years, as the economy shrank by 2.4% in Q01 2009. This was significantly higher than the 1.9% decline previously reported by the Office for National Statistics (ONS). The revised contraction also exceeded analysts’ forecasts of 2.1%. The Office [...]