March 27, 2009
The UK economy shrank by 1.6% in the final quarter of 2008, a bigger fall than first estimated.
The figure - revised lower from the original 1.5% estimate by the Office for National Statistics (ONS) - represents the worst fall in output since April-June 1980.
The slump was driven by a bigger-than-estimated fall in construction as well as declining output from the UK’s services sector.
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