Looks like it was even worse....
http://www.bbc.co.uk/news/business-12577154
Quote:
The UK economy shrank by more than previously thought during the last three months of 2010, revised figures show.
Gross domestic product (GDP) slipped by 0.6% in the period, according to fresh data from the Office for National Statistics (ONS).
Its initial estimate had suggested the economy had contracted by 0.5% - with heavy snow blamed for the slump.
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Quote:
It wasn't a bad dream. The recovery really did stall in the final three months of 2010, and it wasn't only the weather. That is the most important conclusion to be drawn from today's second round of GDP estimates for the fourth quarter”
End Quote
Stephanie Flanders
Economics editor, BBC News
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