IWG online meeting on state capitalism in the USSR.
DATE
April 22nd, 7 PM EST
WHERE
Online
CONTACT INFO
IG: @iwg.official | Twitter: @IWGOfficial | FB: @iwgusa | Email: us@leftcom.org
UK economy shrinks
The economy shrank at its fastest rate for more than 50 years in the first quarter of 2009, with output down 2.4 per cent - much worse than estimated. Output had been estimated to fall to 1.9 per cent, the Office for National Statistics (ONS) said.
The decline in the first three months of the year equals a 2.4 per cent slump seen in 1974 and is the worst since a 2.6 per cent fall seen in 1958.
The recession also began earlier than expected, with a 0.1 per cent decline seen between April and June last year compared with previous estimates of zero growth.
Following the revision - which also saw a deeper 1.8 per cent decline in the final quarter of 2008 - the UK's output is now 4.9 per cent below the level seen before the recession.
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IWG Online Meeting
IWG online meeting on state capitalism in the USSR.
DATE
April 22nd, 7 PM EST
WHERE
Online
CONTACT INFO
IG: @iwg.official | Twitter: @IWGOfficial | FB: @iwgusa | Email: us@leftcom.org
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