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Entrepreneurs Panel

Jeremy Roberts
Richard O'Sullivan
Brian Hay
Steve Purdham
Michael Oliver
Laura Tenison
David Pollock
Debbie Pierce
Julie Meyer
Charlie Mullins
Jennie Johnson
Tony Caldeira

Category: GDPSyndicate content

The economy grew almost twice as fast as expected in the second quarter of this year, according to the latest figures.

The UK economy shrank at its fastest rate in 30 years in the first three months of 2009, according to the Office for National Statistics.

GDP fell 1.9 per cent on the quarter, the biggest fall since 1979.

On the year, GDP fell by 4.1 per cent, the biggest annual drop since the end of 1980. Analysts had expected a 3.8 per cent fall.

GDP

Data from the Office for National Statistics shows that GDP fell 1.9 per cent in the fourth quarter of last year compared with the year before, up from the earlier estimate of 1.8 per cent.

It was the worst performance since the second quarter of 1991.

For the year, GDP rose by 0.7 per cent over 2007, down from 3.0 per cent in the previous year.

GDP
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