UK’s Economy contracted 0.2% in the fourth quarter 2011 – Guilty: Business Investment

The Office for National Statistics announced its review of the UK’s Economy for the end of 2011, revising it down to 0.7 percent with a previous estimation of 0.8 percent. Nevertheless, with the whole 2011 revision, the UK GDP shrank by 1 percent, going from 0.9 percent to the actual 0.8 percent.

Despite the fact that expenses from the side of consumers grew 0.5 percent, this increase did not help significantly to the overall economy....Read More