GDP contracts at twice forecast rate

Hirst, Tomas
July 2009
Fund Strategy;7/27/2009, p5
Trade Publication
The article reports on the performance of the gross domestic product (GDP) in the second quarter of 2009 in Great Britain. It states that the GDP dropped 0.8% in the second quarter of 2009 compared to a forecast of 0.3% despite slowing from 2.4% contraction in the first three months in 2009. It indicates that some sectors that were hit by economic downturn in 2008 are starting to experience stabilization.


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