News details
Output Falls By One Percent
The latest GDP figures from NIESR show that output fell by 1% in the three months ending in November after a revised estimate of 0.8% for the three months ending in October. The figures make clear that the rate of output decline is accelerating. There is every reason to believe that the output decline in the fourth calendar quarter of the year will be larger than 1% in magnitude.
13/Jan/2009