TITLE

GDP contracts at twice forecast rate

AUTHOR(S)
Hirst, Tomas
PUB. DATE
July 2009
SOURCE
Fund Strategy;7/27/2009, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
44304578

 

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