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标题[情报] U.K. GDP Shrinks, First Recession Since 1991 Looms
时间Fri Oct 24 22:46:23 2008
U.K. GDP Shrinks, First Recession Since 1991 Looms
By Jennifer Ryan
Oct. 24 (Bloomberg) -- The U.K. economy shrank more than forecast in the
third quarter as the financial crisis ravaged industries from banking to
construction, evidence that Britain is in the grips of its first recession
since 1991.
Gross domestic product dropped 0.5 percent from the second quarter, the first
contraction in 16 years, the Office for National Statistics said today in
London. Economists predicted a 0.2 percent decline, according to the median
of 35 forecasts in a Bloomberg News survey. Growth stalled in the prior three
months.
The pound had the biggest intraday drop against the dollar in at least 37
years as the report confirmed Prime Minister Gordon Brown's prediction this
week that a recession is likely. His government's 500 billion-pound ($805
billion) bank rescue and the Bank of England's half-point rate cut this
month, the biggest since 2001, may have come too late to prevent further
contraction.
http://www.bloomberg.com/apps/news?pid=20601110&sid=a.40FIAkLyy8
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