UK economy shrank in the first quarter of 2009 in the biggest contraction since 1979; Manufacturing contracted 6.2% - - the most since at least 1948
Apr 24th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The UK economy shrank in the first quarter of 2009, in the biggest contraction since 1979 as manufacturing and business services posted record falls. UK business services and finances fell 1.8 per cent, the most since records for the category began in 1983. Manufacturing contracted 6.2 per cent, the most since at least 1948.