Economy in Shock Contraction

Economy set to contract more than predicted.
Economy in Shock Contraction
A man walks by the Mackintosh store in Mayfair on January 24, 2011 in London, England. Despite the expected retail slump confirmed by Office of National Statistics's (ONS), sales of luxury goods are booming, with many companies posting large profits. Photo by Dan Kitwood/Getty Images
Simon Veazey
Simon Veazey
Freelance Reporter
|Updated:

<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/108289511.jpg" alt="A man walks by the Mackintosh store in Mayfair on January 24, 2011 in London, England. Despite the expected retail slump confirmed by Office of National Statistics's (ONS), sales of luxury goods are booming, with many companies posting large profits. (Photo by Dan Kitwood/Getty Images)" title="A man walks by the Mackintosh store in Mayfair on January 24, 2011 in London, England. Despite the expected retail slump confirmed by Office of National Statistics's (ONS), sales of luxury goods are booming, with many companies posting large profits. (Photo by Dan Kitwood/Getty Images)" width="320" class="size-medium wp-image-1809193"/></a>
A man walks by the Mackintosh store in Mayfair on January 24, 2011 in London, England. Despite the expected retail slump confirmed by Office of National Statistics's (ONS), sales of luxury goods are booming, with many companies posting large profits. (Photo by Dan Kitwood/Getty Images)
Simon Veazey
Simon Veazey
Freelance Reporter
Simon Veazey is a UK-based journalist who has reported for The Epoch Times since 2006 on various beats, from in-depth coverage of British and European politics to web-based writing on breaking news.
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