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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.

Updated on: May 22, 2009 03:15 PM IST
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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.

HT Image
HT Image

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.

 
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