Welcome to the Recession, Britain!

2010

FEBRUARY 2010

1 2 3 4 5 6

7 8 9 10

THANK YOU

Your feedback has been sent!

X Close

Submit News Story

Today's Cheat Sheet

Global markets hit hard.

Barneys possibly up for sale.

Pfizer in talks to buy Wyeth for $60 billion.

Welcome to the Recession, Britain!

You may have held out longer than most, Britain, but we knew you'd join the global recession eventually. Welcome onboard! The British economy shrank 1.5 percent in the previous quarter, which, on the heels of the 0.6 percent shrinkage in the third quarter, means the United Kingdom is officially in recession. It was the fastest rate of shrinkage for the British economy in 30 years. Stocks, meanwhile, plunged worldwide. Europe's Dow Jones Stoxx 600 Index fell to its lowest level in five years.

Read it at The Guardian

Posted at 7:36 AM, Jan 23, 2009

Save it

Your email has been sent.

Thanks for recommending The Daily Beast!

X Close

(–%) |

(–%)

THANK YOU

Your feedback has been sent!

X Close

The Guardian , Meltdown , Recession , United Kingdom , Stocks , Britain , Global Recession , British Economy , Britain Recession , Dow Jones Stoxx 600 Index

(–)

Thank you.
As a first time user, your comment has been submitted for review. It can take anywhere from a few hours to a day or two for your comment to be reviewed, depending on the time of week and the volume of comments we receive.