Thursday, May 24, 2012

UK economy shrank more than thought

Building site

The UK economy shrank by 0.3% in the first three months of the year, more than previously thought, revised figures have shown.

Last month's initial estimate from the Office for National Statistics showed a contraction of 0.2%.

Over the last year and a half, the economy has fluctuated between quarters of growth and contraction.

The first quarter's growth figure will be revised again next month.



Source & Image : BBC

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