National Statistics to report a 1.6% contraction in
Posted: Tue Sep 02, 2025 8:27 am
Reuters reported on February 25 that official statistics to be released on Wednesday are expected to show that the UK economy contracted more sharply than previously estimated in the fourth quarter of 2008, driven by a much larger-than-expected drop in industrial production.
Analysts expect the Office for the fourth quarter of 2008, email list the largest drop since 1980. The GDP decline was primarily driven by a 4.5% drop in industrial production in December, the largest drop since 1974.
A Reuters poll indicates that the full-year economic contraction in 2009 is expected to be revised down to 1.9% from an initial estimate of 1.8%.
Source: Economic and Commercial Counsellor's Office of the Chinese Embassy in the UK
Disclaimer: The content of this article is purely the author's personal opinion and has nothing to do with any data from Huanshang. This website makes no guarantees or representations regarding the authenticity, completeness, or timeliness of this article or any of its
Analysts expect the Office for the fourth quarter of 2008, email list the largest drop since 1980. The GDP decline was primarily driven by a 4.5% drop in industrial production in December, the largest drop since 1974.
A Reuters poll indicates that the full-year economic contraction in 2009 is expected to be revised down to 1.9% from an initial estimate of 1.8%.
Source: Economic and Commercial Counsellor's Office of the Chinese Embassy in the UK
Disclaimer: The content of this article is purely the author's personal opinion and has nothing to do with any data from Huanshang. This website makes no guarantees or representations regarding the authenticity, completeness, or timeliness of this article or any of its