Britain in recession…

Pylas, London (AP)
The British economy has officially sunk into recession, government statistics showed Friday, with output falling 1.5 percent in the fourth quarter of last year as the financial crisis ravaged banks, retail and manufacturing.

Hemerling, BusinessWeek: “In Recession, Focus on Emerging Markets”
By focusing on rapidly developing economies during this global slowdown, Western companies can turn economic crisis into global advantage