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BREAKING NEWS

UK emerged faster from deeper recession

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UK emerged faster from deeper recession

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It turns out Britain’s economy grew faster than previously estimated in the last three months of 2009.

That is according to revised official figures just released which showed fourth quarter GDP growth was 0.3 percent rather than the 0.1 percent originally reported.

But the 18-month recession from which the UK emerged turned out to be deeper than first calculated and was the worst in over 50 years.

The politician in charge of the British economy, Alistair Darling, welcomed the upward revision of
fourth quarter GDP growth but said there were still big risks and that government stimulus support for the economy could not be withdrawn yet.