Economy beats expectations

Economy beats expectations

UK's topography
Image via Wikipedia

Interesting article about how the economy in the UK is shrinking at a slower rate than was expected. That must be good news right? Here’s a snippet from the article:

The 0.7% decline was a significant improvement on the 2.4% contraction in the previous quarter.

But the annual drop of 5.5% remains the biggest since records began in 1955.

It’s a bit too early to see whether this is an emerging trend of just a seasonal glitch. But, whether you’re in the business of selling wedding invitations, or producing fast cars, everyone needs this economy to start getting better.

(The comment on economies getting better being a good thing for everyone is really a global comment, not just one for the UK)

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