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ARTICLE · 15 APRIL 2011

UK Experiences Negative GDP Growth For Another Quarter

Ashby Cohen Solicitors Ltd
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The latest revised estimates for growth in the Gross Domestic Product (GDP) for the final quarter of 2010 have revealed that economic growth in the UK is still in decline, with GDP growth now measured at -0.5%.

United KingdomEmployment and HR
Alain Cohen
Alain Cohen

The latest revised estimates for growth in the Gross Domestic Product (GDP) for the final quarter of 2010 have revealed that economic growth in the UK is still in decline, with GDP growth now measured at -0.5%.

However, the picture for employers is not as bleak as it might first seem, as the new figure shows a very slight improvement (of one tenth of a percentage point) over the previous revised GDP estimate for the fourth quarter of 2010 which was published in February 2011.

In the light of this news, the future for the rate of growth in the UK economy looks very uncertain. The latest forecasts published by the Office for Budget Responsibility (OBR) have revealed that expectations for the UK's GDP growth in 2011 have been reduced from 2.1% to 1.7%.

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