GDP data shows difficult economic situation - Treasury
LONDON (Reuters) - Britain still faces a very difficult economic situation, the finance ministry said on Friday in response to official data showing a bigger-than-expected 0.3 percent fall in fourth-quarter GDP.
"It confirms what we already knew -- that Britain, like many European countries, still faces a very difficult economic situation," the Treasury said in a statement.
"While the economy is healing, it is a difficult road."
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.