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Economy Shrinks in 3Q, Signaling Recession
Economy shrinks in quarter for first time in 16 years (AFP)

Tower cranes next to St Paul's Cathedral in central London, April 2008. The economy shrank by 0.5 percent in the three months to September, compared with the previous quarter, marking the first contraction since 1992.(AFP/File/Shaun Curry)AFP - The economy shrank by 0.5 percent in the three months to September, compared with the previous quarter, marking the first contraction since 1992, official data showed on Friday.



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