British economy on the edge of recession

The performance of the British economy decreased even in a greater extend than it was previously estimated.

In the GDP forecast of the last month, a 0.5 percent quarterly decline appeared, and that figure was completely unexpected for the market. Now the revised data shows a 0.6 percent decline for the last three months of the year, compared to the previos quarter of 2010 – reports Népszabadság Online.