Click to play videoNew Delhi: The worst may be far from over for Britian. According to the Confederation of British Industry, the UK will suffer its worst economic contraction in almost 20 years, beginning next year.
It also projected that the number of people out of work could rise to nearly 3 million by 2010.
The industry body expects the economy to contract by 1.7 per cent in 2009. It blamed the fallout from global financial turmoil for the massive revision to the 0.3 per cent growth forecast it had issued in September.
(For updates you can share with your friends, follow IBNLive on Facebook, Twitter and Google+)
displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.