Economy falls at record rate

Economy falls at record rate

22:11 27th July 2009

The British Economy has fallen at its fastest rate for 60 years.

According to the Office for National Statistics' estimate, gross domestic product contracted at 0.8 per cent quarter-on-quarter after it was estimated to only lower by just 0.3 per cent.

Unemployment is also on the rise, leading more people affected by job cuts to consider retraining.

Any possible recovery is likely to be blighted by the swine flu virus, which could also lead to reduced productivity, it has been reported.

The Northern Irish government has decided to invest in new digital infrastructure to help its country out of recession.

Workers who retrain and prepare themselves for a career in the IT industry could benefit from a new fibre-based network, which the chief executive officer of BT in Northern Ireland says will bring the country "immense opportunities and benefits".

Workers looking to retrain and learn how to create the latest web sites would benefit from web design courses rather than more generic computing classes.

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