Osborne says Q4 GDP fall "disappointing"

25th January 2012   ·   0 Comments

LONDON (Reuters) – The 0.2 percent drop in Britain’s economic output in the last three months of 2011 was “disappointing” but not unexpected, due to weak demand in Britain’s euro zone export markets, Chancellor George Osborne said on Wednesday. Official data released earlier on Wednesday showed that the economy contracted for the first time in a year, driven by weaker factory and utilities output, as well as stagnation in the dominant services sector. “These are disappointing figures ..

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Osborne says Q4 GDP fall "disappointing"

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