Wednesday, July 25, 2012

Economy - Voice of America: British Economy Shrinks Third Straight Quarter

Economy - Voice of America
economy-and-business
British Economy Shrinks Third Straight Quarter
Jul 25th 2012, 14:17

Britain's economy is sinking further into recession, even more than analysts had projected. The British government said Wednesday its economy contracted seven-tenths of a percent in the April-to-June period, its worst quarter since the height of the global downturn in early 2009 and well above predictions of a slight decline. It was the third straight quarter that the British economy has declined. Finance minister George Osborne said the quarterly report showed Britain has ...

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