Summary
E&Y forecasts UK economy to shrink 4.5 per cent in 2009, with damage 'limited' in Scotland to 4 per cent
THE recession is hitting the UK harder than previously thought, with the economy shrinking at the fastest rate since the end of the Second World War.See the full content of this document
Extract
Gdp 'to Take Biggest Hit Since 1945'
In a report being published tomorrow, the influential Ernst & Young ITEM will forecast that GDP, a key indicator of the state of the economy, will shrink by 4.5 per cent this year. This is the largest decline in a single year si...
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