Surprise surprise, we're still in a recession!
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- CarolineS
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more from News:
http://news.bbc.co.uk/1/hi/business/8321970.stm
The UK economy unexpectedly contracted by 0.4% between July and September, according to official figures, meaning the country is still in recession.It is the first time UK gross domestic product (GDP) has contracted for six consecutive quarters, since quarterly figures were first recorded in 1955.
But the figures could still be revised up or down at a later date, because this figure is only the first estimate.
GDP measures the total amount of goods and services produced by a country.
The pound fell sharply after the figures were released, reflecting the fact that many observers had expected the UK to have grown during the quarter.
It was down 1.7% against the dollar, at $1.6323, and down 1.9% against the euro, at 1.0859 euros.
Hooray for money! it's created out of thin air, yet always f***s us over!
http://news.bbc.co.uk/1/hi/business/8321970.stm
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- groups:
- News, News and Politics, Entertainment, Webmash, 1 more
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- tags:
- Money, Recession, Depression, Dollar, 2 more
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Birdmanbob4
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Buy small gold stocks ..or if you have the Nerves get a broker and go long on Gold .....It is the Stimulas package or Reperations for Smart People ....
- 4 months ago
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Birdmanbob4
