United Kingdom economic 16 years first are negative growth is already in recession edge _ high yuanying

United Kingdom economic 16 years first are negative growth is already in recession October 25, 2008 20: 17 China News --London October 25 (reporter Li Peng) United Kingdom official latest data show that the United Kingdom economy 16 years of negative growth for the first time, is already in recession. According to the United Kingdom the National Statistics Department published data, the United Kingdom during the third quarter of this year growth is negative by more than previously expected. Economic analysts warned that in the next few months, the contraction in the economy was even faster. Negative growth in end United Kingdom since 1955, the longest continuous record of growth. If, in the fourth quarter of this year, the United Kingdom continued negative growth in the economy, the United Kingdom will officially entered recession. United Kingdom Prime Minister Brown 24 said that the current financial crisis is global financial downturn, United Kingdom and other countries together to fend off recession. Brown said that the United Kingdom Government is "put more money into people's pockets," including increase of winter heating assistance and give basic taxpayers tax of £ 120. Brown also said: "we see the central bank interest rate adjustment have been made, I believe that in the next few weeks, they will also consider further interest rate cuts. " United Kingdom's Central Bank Governor Mervyn King has also warned ·, United Kingdom-economic potential is entering a recession, while economic growth back to their normal State would be a" long process ". United Kingdom Central Bank Deputy Governor Penn yan said: "this is life is a time of crisis, and human history, the biggest financial crisis. " Affected by pessimism news affected, the London FTSE 100 index, the stock market dropped by 24 points, 204 5 percent. Pound sterling exchange rate also diving, GBP/USD for the first time in five years to a pound dollar point six dollars below, once dropped to 1 point 58. (The Chinese news network)