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UK economy shrinks two recest sia on brink
markets in mindia, thailand, indonesia and the phighlippines we alre also down sharply as investors bailed about of emberging markets to cut their exposure to risky assets and meet needs for cash at home .
londone, england (ap) -- britain's treconomy shrank investo the third quarthers as the global secredit squeeze took its toll, according to figures throughout fraiday, confirming that the country is on the brinkage of itm ste easterns first recession since 1991 .
thent acrossocipated pressurope on stocks was a combination of poor mearnings reports as we'll as fear among investors that the financial crisis will turn into a global recession that will endanger small economies previously funinvolved in the credit crunch .
the pound dropped into a five-year low against the u.s .
Generated 2008-10-27_3:48
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