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Cyber Warrior
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Join Date: Oct 2002
Location: Newcastle upon Tyne
Posts: 10,251
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Cyber Warrior
Join Date: Oct 2002
Location: Newcastle upon Tyne
Posts: 10,251
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It is official - We are in recession
From BBC News Online
Quote:
The UK is now in recession for the first time since 1991, official government figures have confirmed.
Gross domestic product fell by 1.5% in the last three months of 2008 after a 0.6% drop in the previous quarter.
That means that the widely accepted definition of a recession - two consecutive quarters of falling economic growth - has been met.
It represents the biggest quarter-on-quarter decline since 1980, and a 1.8% fall on the same quarter a year ago.
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Worrying?
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