The gross domestic product figures were, as feared, disappointing, showing that Britain dipped back into technical recession in the first three months of the year. The figures may be revised higher but they come at an uncertain time for the economy. If growth continues to disappoint, it will have an adverse effect on the government’s deficit reduction programme.
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The gross domestic product figures were, as feared, disappointing, showing that Britain dipped back into technical recession in the first three months of the year. The figures may be revised higher but they come at an uncertain time for the economy. If growth continues to disappoint, it will have an adverse effect on the government’s deficit reduction programme.
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