Commenting on the preliminary GDP figures for the second quarter of 2009, published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC) said: 

 

“On the basis of these figures, the UK recession is almost as bad as that of the early 1980s. June’s positive retail sales were more than offset by declines in other areas of the economy.   

“There is no room for complacency and suggestions of suspending quantitative easing are misguided. It is important to persevere with an aggressive policy stimulus to ensure that the economic downturn does not worsen.”