World

UK recession worse than thought

by barnabasnagy | March 29, 2009 at 03:12 pm

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UK — Office for National Statistics (ONS) reported an 1.6% GDP shrank in the last 3 month instead of he previously reported 1.5% showing that Britan falls deeper into depression more than expected.

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Jordan Yerman

at 15:40 on March 29th, 2009

Thanks for posting this. How is your local economy doing? Have you noticed more store closures than usual?

barnabasnagy

at 15:20 on April 1st, 2009

Yes, here in the Czech Republic some groceries increase the price of vegetables though it's coming spring. Sometimes the shelfs are also empty.

eagoodlife

at 16:35 on March 29th, 2009

Here in Australia we're experiencing lots of job losses and closure of companies that had overborrowed or expanded to fast.Overall we'll weather it and survive ok.