Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Your Shopping Basket
Total number of items: 0
Sub total: £0.00
Go to Checkout
A Year of Books
Account Services
Our Chelmsford shop
Our Birmingham Shop
Our Bristol Shop
Animators Survival Kit

UK GDP figures 'worse than expected'

25th February 2011

A revised report from the Office for National Statistics (ONS) has suggested that the UK's economic slowdown at the end of 2010 was even worse than expected.

In its second reading of fourth quarter gross domestic product (GDP) data, the ONS revealed that the country's output fell by 0.6 per cent - worse than last month's preliminary reading of 0.5 per cent.

David Kern, chief economist at the British Chambers of Commerce, described the data as 'disappointing' but said it is important not to be too despondent.

'There are signs that growth rebounded in the first quarter of this year, and it is important to remember that the fourth quarter figures were affected by severe weather conditions,' he explained.

Some analysts were less optimistic, with Howard Archer, chief UK and European economist at IHS Global Insight, suggesting that 'major question marks' remain over the future of the country's economic growth.

Latest Blog
Women's Prize for Fiction 2018 Shortlist
23/04/2018

This year's shortlist for the Women's Prize for Fiction has been announced

Read an extract from Everything I Know About Love
20/04/2018

Dolly Alderton's Everything I Know About Love is an honest, funny and uplifting account of growing up and being enough.

An extract from The Fire This Time
18/04/2018

Edited by National Book Award-winning author Jesmyn Ward, The Fire This Time is a collection of essays and poems exploring black experience in modern-day America, in a response to James Baldwin's groundbreaking 1963 essay collection The Fire Next Time.

View all Blog Entries
Twitter
Show/Hide Tweets
© W&G Foyle Ltd