Britain’s economy shrinks anew

dipu · 25-01-2013, 05:58 PM

LONDON: Britain’s economy shrank more than expected at the end of 2012 with a North Sea oil production slump, lower factory output and a hangover from London Olympics pushing it perilously close to a “triple-dip” recession.

The country’s gross domestic product fell 0.3 per cent in the fourth quarter, the office for national statistics said on Friday, a sharper fall than the 0.1 per cent decline forecast by analysts.

The news is a blow for Britain’s Conservative-led government, which a day earlier defended its austerity programme against criticism from the International Monetary Fund. It needs solid growth to meet its budget targets, keep a triple-A debt rating and bolster its chances of winning a 2015 election.

FULL NEWS HERE

25-01-2013, 05:58 PM	#1
dipu VIP Member Join Date: May 2011 Location: Rohtak (heart of haryana) Posts: 10,193 Rep Power: 90	Britain’s economy shrinks anew LONDON: Britain’s economy shrank more than expected at the end of 2012 with a North Sea oil production slump, lower factory output and a hangover from London Olympics pushing it perilously close to a “triple-dip” recession. The country’s gross domestic product fell 0.3 per cent in the fourth quarter, the office for national statistics said on Friday, a sharper fall than the 0.1 per cent decline forecast by analysts. The news is a blow for Britain’s Conservative-led government, which a day earlier defended its austerity programme against criticism from the International Monetary Fund. It needs solid growth to meet its budget targets, keep a triple-A debt rating and bolster its chances of winning a 2015 election. FULL NEWS HERE __________________ Forum Rules शिक्षा और नौकरियों से जुडी ख़बरें पढाई से सम्बंधित समस्याओं का हल Disclamer :- All the My Post are Free Available On INTERNET Posted By Somebody Else, I'm Not VIOLATING Any COPYRIGHTED LAW. If Anything Is Against LAW, Please Notify So That It Can Be Removed.