USD 1.7

Baku 25 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

UK economy contracts by 1.5% in January

UK economy contracts by 1.5% in January

25 February 2009 16:05 (UTC +04:00)

Baku - APA-Economics. The UK economy shrank by 1.5% in the final quarter of 2008, official figures confirmed, unrevised from the initial estimate issued in January.
However, the data also showed a 0.7% contraction in the July to September quarter, worse than the original estimate of a decline of 0.6%.
It means fourth quarter GDP for 2008 was 1.9% lower than a year previously, against the original estimate of 1.8%.
The figures confirm the UK is in its first recession since 1991.
The widely accepted definition of a recession is two consecutive quarters of negative economic growth.

Finance

Azerbaijan

Azerbaijan's insurance market grows by nearly 2% this year

Vusal Gurbanov, Director General of the Central Bank of Azerbaijan

Central Bank of Azerbaijan preparing amendments to compulsory insurance regulations

Chairperson of the Supervisory Board of the Azerbaijan Insurers Association Ulviyya Jabbarova

Azerbaijan's insurance market doubles over past four years

Aliyar Mammadyarov, First Deputy Chairman of the Central Bank of the Republic of Azerbaijan

Central Bank of Azerbaijan preparing new development strategy for insurance sector

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED