Hoped-for Recovery Is Nowhere to Be Seen and Wales Is Still Faring Badly ; Tories Seize On News of Sixth Quarter of Decline to Batter Pm
Western Mail › October 24, 2009
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Summary
GORDON BROWN'S hopes that an economic recovery can revive his political fortunes were dealt a severe blow yesterday, with official data showing Britain is in the grip of the longest downturn since records began.
Economists had hoped the Office for National Statistics would announce that the economy grew in the third quarter of this year, heralding the official end of the recession.See the full content of this document
Extract
Hoped-for Recovery Is Nowhere to Be Seen and Wales Is Still Faring Badly ; Tories Seize On News of Sixth Quarter of Decline to Batter Pm
But the figures revealed the economy in fact shrank 0.4% between July and September, a record sixth successive quarter of decline.
The Treasury believes the recession will end by the turn of the year, but the prospect of any significant economic growth before the general election - which must be held by June - now appears to be slim.The Conservatives...See the full content of this document
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