Economy shrinking at its fastest rate in 50 years
Figures from the Office for National Statistics show the UK economy shrank by 2.44 per cent in the first quarter of 2009 â the fastest rate in more than 50…
Tag: oecd
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Dire outlook for British economy
The Organisation for Economic Cooperation and Development (OECD) warned the Bank of England (BoE) needed to press ahead with interest rate cuts, as the treasury is running out of options…