British economy shrinks by 0.6% in fourth quarter
London - AFP
Britain's economy shrank by a worse-than-expected 0.6 percent in the fourth quarter of 2010, official data showed on Friday, hit by the impact of harsh wintry weather. "Gross domestic product (GDP) contracted by 0.6 percent in the fourth quarter of 2010, revised down from the previously estimated fall of 0.5 percent," the Office for National Statistics said in statement. That marked the largest quarterly drop in GDP -- the total value of goods and services produced in the economy -- output since the second quarter of 2009. Click here to find out more!
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