BGN Entrepreneur

The world’s biggest economy—US economy, has suffered the worst slump ever since Dwight D. Eisenhower was president and Elvis was doing his national service. Following a 6.3% fall in the final three quater of 2008, the economy shrank a worse-than-expected 6.1% in the first three months of the year.
Figures came as reports emerged that at [...]

After official figures showed that the recession was biting far deeper than predicted, Alistair Darling claimed yesterday that UK would climb out of recession by the end of the year was in shreds.
Two days after the Chancellor told MPs that he expected the economy would have contracted by 1.6 per cent in the first three [...]

Today, shares across the UK, US and Europe tumbled after it emerged that in the fourth quarter of 2008, the US economy shrank at the fastest rate ever since 1982, which is far worse than the initial estimation of the US Government.
Between October and December last year, GDP declined at an annual rate of 6.2%, [...]

The economy has sunk into recession amid a collapse in consumer confidence and a freeze on new lending. In the past two quarters, the economy had already shrunk by more than 2% and anxieties have mounted since the IMF predicted that the GDP of UK would fall by 2.85 in 2009, marking the worst UK [...]