Dismal outlook issued for British economy ...News

Russia Today - Economy
Dismal outlook issued for British economy
source : Russia Today ( News ) () 22
The UK may be heading into a deep and lengthy recession, official data suggests Britain’s economy shrank in the three months through October, the Office for National Statistics (ONS) confirmed on Monday, reflecting concerns over a lengthy recession. Data showed that gross domestic product (GDP) declined by 0.3% in the period when compared with the three months through July. The decline came even as estimates showed that GDP increased by 0.5% in the month of October after a 0.6% drop in September. Despite the rebound in October, there is still a good chance that the British economy will shrink for a second consecut

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