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UK Economic Growth Ground to a Halt in Q2
Aug 25, 2008
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British economic growth ground to a halt between April and June, ending more than 15 years of continuous expansion, the government said. The growth figure of 0.0% is below the 0.2% that the Office for National Statistics had predicted. It ends a run of 63 consecutive quarters — nearly 16 years — of growth since the April to June period of 1992, when Britain's gross domestic product shrank.

In the midst of the worst housing crash for 30 years, Britain's construction industry has been hit the hardest, the national statistics office said, with construction output falling 1.1%. Manufacturing output fell by 0.8%, according to the government figures. (AP)

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