British economy shrinks 1.9 pc in first quarter | business | Hindustan Times
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British economy shrinks 1.9 pc in first quarter

Britain's recession-hit economy shrank 1.9 per cent during the first quarter of 2009 compared with the final three months of last year, unchanged from an initial estimate, official data showed on Friday.

business Updated: May 22, 2009 15:15 IST

Britain's recession-hit economy shrank 1.9 per cent during the first quarter of 2009 compared with the final three months of last year, unchanged from an initial estimate, official data showed on Friday.

British gross domestic product (GDP) shrank 4.1 per cent in the first quarter compared with the first three months of 2008, added the Office for National Statistics, also unchanged from preliminary data it gave last month.