TITLE

UK GDP fall: Reaction to shock 0.3% contraction

AUTHOR(S)
Jackson, Gary
PUB. DATE
January 2013
SOURCE
Fundweb;1/25/2013, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Great Britain's economy performed worse than expected in the last quarter of 2012, and the nation's gross domestic product (GDP) contracted by 0.3 percent. Economists at the British Office for National Statistics had expected the GDP to fall by only 0.1 percent. Economists have warned that Great Britain is likely to face a severe recession.
ACCESSION #
85235667

 

Related Articles

  • GDP and unemployment: recessions compared.  // Economic & Labour Market Review;Nov2009, Vol. 3 Issue 11, p3 

    The article reports on British Office of National Statistics' (ONS) comparison of the 2009 recession with two previous recessions in the early 1980's and early 1990's, showing differences in the movements of the gross domestic product (GDP) and employment.

  • UK double-dip recession confirmed as Q1 figures revised downwards. Brennan, Henry // Fundweb;5/24/2012, p16 

    The article reports that the gross domestic product (GDP) results for 2012's first quarter were revised by Great Britain's Office for National Statistics (ONS). It confirmed that the country has entered a recession. According to the latest estimate, economic contraction in the first quarter was...

  • Finance leads slump as economy shrinks by 0.8% in Q2. Holt, Natalie // Mortgage Strategy;7/27/2009, p7 

    The article discusses the report presented by the Office of National Statistics which reveals that economy has contracted by 0.8% in the second quarter of 2009 in Great Britain. The figure was based on business services and finance accounting wherein the gross domestic product (GDP) fell by...

  • Recession official as UK's GDP falls by 1.5%.  // Fund Strategy;1/26/2009, p8 

    The article focuses on the economic conditions in Great Britain. Vicky Redwood, an economist at Capital Economics, notes that the 1.5% decrease of the gross domestic product (GDP), which officially confirmed a recession in Great Britain, is the sharpest quarterly contraction since 1980....

  • Hasty estimates can damage confidence.  // Fund Strategy;5/7/2012, p1 

    The article presents the findings of a study conducted by Great Britain's Office for National Statistics (ONS) on Britain's gross domestic product (GDP) growth in the first quarter of the year 2012. ONS estimates that the country has fallen into recession following a 0.2 percent decline in...

  • It's official: recession is here.  // Contract Journal;10/29/2008, Vol. 445 Issue 6698, p6 

    The article reports on the recession experienced by the construction industry in Great Britain in 2008. According to the gross domestic product (GDP) figures from the Office of National Statistics, the industry has recorded two consecutive quarters of negative growth. In the third quarter, the...

  • Weathering the storm. Kern, David // Accountancy;Jun2001, Vol. 127 Issue 1294, p75 

    Focuses on the economic condition in Great Britain. Effects of the global slowdown on the economy of the country; Closures of plants and retrenchment of companies; Status of the gross domestic product.

  • George Osborne under fire over 0.3% drop in GDP. Dale, Samuel // Fundweb;1/25/2013, p2 

    The article reports that politicians and economists in Great Britain have criticized chancellor George Gideon Oliver Osborne after the British Office for National Statistics data showed that the nation's economy shrunk by 0.3 percent in the fourth quarter (Q4) of 2012. Great Britain's gross...

  • GDP and unemployment.  // Economic & Labour Market Review;Oct2009, Vol. 3 Issue 10, p3 

    The article focuses on the analysis of output and unemployment in Great Britain, which can be viewed on the web site of the Office for National Statistics (ONS) as of 2009. The decline in output has been higher in current recession compared with those of the early 1980s and 1990s based the Gross...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics