" Published Date: 24 July 2009 HOPES of a swift end to recession were shaken today after figures showed a far worse than expected 0.8% decline in the economy between April and June. The UK's fifth successive quarter of recession was much deeper than the 0.3% forecast, stunning experts and business leaders.
The economy has slumped 5.6% since the second quarter of 2008, according to the Office for National Statistics' (ONS) estimates the biggest fall since its records began in 1955." That's..not good news :( Basically the larger economies need to recover and quickly to curtail the effects on smaller perhaps more vulnerable developing states. They are now saying that a recovery before 2010 is unlikely. http://www.scotsman.com/uk/39Shock39-economic-figures-much-worse.5491310.j ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:300888 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
