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Longest recession on record

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posted on Oct, 23 2009 @ 04:56 AM
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The UK economy unexpectedly contracted by 0.4% between July and September, according to official figures, meaning the country is still in recession.
It is the first time UK gross domestic product (GDP) has contracted for six consecutive quarters, since quarterly figures were first recorded in 1955.

FROM news.bbc.co.uk...
Well it look's like this puts to an end to all the talk fo recovery over here in the UK.
Green shoots yeh right ?
Here is a little more it's not looking good over here.


Oct. 23 (Bloomberg) -- U.K. gross domestic product unexpectedly dropped in the third quarter as enduring slumps in services, manufacturing and construction kept the economy mired in its longest recession on record. The pound tumbled.

FROM www.bloomberg.com...

THANKYOU



[edit on 053131p://2009-10-23T05:13:36-05:002310 by mars1]




posted on Oct, 23 2009 @ 06:30 AM
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You would think the UK market would be dropping on this news but it's the opposite what is going on anybody know why the market is rising after this news.
This link is a good one it's for all countries.
LINK www.indexq.org...

THANKYOU



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