HT Image
HT Image

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.
AFP | By HT Correspondent, London
UPDATED ON MAY 22, 2009 03:15 PM 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.

SHARE THIS ARTICLE ON
Close
SHARE
Story Saved
OPEN APP