Summary
BRITAIN'S economy shrank 0.4 per cent in the second quarter of this year, according to an influential economic think-tank, after yesterday's weak industrial output and manufacturing data forced it to rethink its view that GDP growth resumed in April.
The National Institute of Economic and Social Research (NIESR), which produces monthly estimates of gross domestic product growth, said revisions to official data last month suggested the recession had not reached its trough in March after all.See the full content of this document
Extract
Think Tank Revises View That Gdp Growth Resumed
"However, on the basis of the mont...
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