UK fourth quarter GDP revised

By @ibtimes on

UK released its GDP figures, showing that the economy contracted during the fourth quarter of 2010 by 0.5%, compared with the previous expansion 0.7 during the third quarter of the same year. On the yearly scale, the index rose by 1.5%, which came consistent with market expectations and the prior estimate.

The Current account reached in the fourth quarter of 2010 -£10.5 billion from the previous -£8.7 billion.

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