We are now in recession - there is no doubt (Guardian Unlimited)
Story date: 2008-10-25 05:21:46
Added on: 2008-10-25 17:39:35
Blimey! Even those of us who have been gloomy on the economy all through this year were shocked by today's economic growth number . We'd all been expecting a negative figure after the zero growth of the second quarter but -0.5% is a shocker. It's the first drop since the second quarter of 1992 and the biggest fall since the end of 1990. Just as bad, the year-on-year growth figure slowed ...
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