Britain’s Recession Deeper Than Previously Thought
July 12, 2010 at 14:51 PM EDT
UK’s recession was deeper than previously thought, new data showed on Monday, Britain’s first-quarter current account deficit swelled to twice economists’ forecasts, reaching its highest level since the third quarter of 2007. The first glimpse of second-quarter data shows service sector output fell 0.3 percent in April. The Office for National Statistics confirmed that Britain’s [...]