in first quarter bred 11s 2012 2009
UK GDP was down by 4.2% in the first quarter of 2009 compared to prior year and down by 1.9% compared to prior three month. In the final quarter of 2008, the economy contracted by 2% compared to Q4 2007.
Presenting the budget, this week, The Chancellor suggested the economy was expected to contract "at a similar rate" in the first quarter compared to the prior quarter Q4 2008.