Zero growth in Q2 says Office for National Statistics
The economy experienced zero growth in the second quarter compared to the first three months of 2008, the Office for National Statistics has confirmed.
The 0.0% quarterly growth was the weakest performance for 16 years and was unchanged from the previous estimate given last month.
Gross domestic product (GDP) grew 1.5% in Q2 compared with the same period in 2007.
The 12-month figure was revised upwards after a previous estimate of 1.4% growth, reports AFP.
Earlier this month, the Organisation for Economic Cooperation and Development (OECD) predicted that the economy would slide into recession later this year.
The Paris-based grouping of 30 developed countries, said the British economy would fall into recession in the second half, contracting by 0.3% in the third quarter and 0.4% in the fourth.
