UK GDP Disaster Far Worse Than It Looks; UK Growth in 2012 "inconceivable"

UK GDP Disaster Far Worse Than It Looks; UK Growth in 2012 "inconceivable" The global recession picked up steam today with news of a UK GDP Shock . The economy shrank by 0.7pc in the second quarter – far more than the 0.2pc fall expected, as record rainfall and the Jubilee holiday added to pressure from austerity cuts and the eurozone debt crisis.

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UK GDP Disaster Far Worse Than It Looks; UK Growth in 2012 "inconceivable"