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Financial News

Thursday April 23, 08:29 AM

 

 

The chancellor said the economy would return to growth in late 2009 and would expand by 1.25 percent in 2010

By Carl de Souza

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Builders work on a construction site in central London. Chancellor of the Exchequer Alistair Darling forecasted that the economy will shrink this year at the fastest rate since 1945 and suffer sky-high public debt as a result of the global financial crisis. Builders work on a construction site in central London. Chancellor of the Exchequer Alistair Darling forecasted that the economy will shrink this year at the fastest rate since 1945 and suffer sky-high public debt as a result of the global financial crisis.


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