For Great Britain it is officially a recession. The country recorded negative growth in its GDP for the second consecutive quarter, which contracted by 0,7% on a quarterly basis, after -0,3% in the first quarter. The drop is worse than analysts' expectations of -0,2% and marks the largest reduction since early 2009.
Great Britain enters a recession: -0,7% GDP in the second quarter of 2012
The British country filed negative growth for the second consecutive quarter - The drop is worse than analysts' estimates and marks the largest reduction since the first quarter of 2009.
FIRSTonline editorial team
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
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