British economy to shrink by 2.9 % in 2009: think tank (AFP)

Shoppers on London's Oxford Street on December 23, 2008. The British economy will shrink by 2.9 percent in 2009, the worst one-year fall in gross domestic product (GDP) since 1946, a leading think tank warned Friday in one of the gloomiest forecasts yet.(AFP/File/Leon Neal)AFP – Britain’s economy will shrink by 2.9 percent in 2009, the worst one-year fall in gross domestic product (GDP) since 1946, a leading think tank warned Friday in one of the gloomiest forecasts yet.

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