Q1 GDP steepest drop since 1979

Posted by Janice McGinn in Strategy & Planning on Tue, 30/06/2009 - 10:51

The third estimate of gross domestic product for Q1 2009 shows a revised quarter on quarter contraction of 2.4% from 1.9% in Q1 and Q2.

Key Points

Numbers revised downwards to 2.4% Construction sector hit badly Rate of contraction in Q2 expected to be far shallower

 

 

 

 

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The Bottom Line: Britain still great for business

Political strategy needed to show that Britain is still great for business, says Richard Thomas

"Out of one side of his mouth, Gordon Brown is saying he will make Britain an attractive place to invest, but out of the other he is clobbering higher earners with 50%, which sends out the opposite message. Despite such political dabbling, Britain remains a great place to do business and we must play to our strengths in attracting investment. " Read more.

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