Jan
26

Britain Breaks Out of Recession

Britain finally broke out of recession in the final three months of 2009, government data showed Tuesday, with the economy notching a feeble increase after six straight quarters of contraction.

Gross domestic product grew 0.1 percent in the October to December period from the previous quarter, the Office for National Statistics said in a preliminary estimate. That was less than the 0.4 percent growth that economists surveyed by Bloomberg and Reuters had been expecting.

Source: International Herald Tribune

Leave a Reply