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As the New York Times reported in January, wages have fallen to a record low as a share of gross domestic product, dropping to 43.5percentt last year.
Figures released by the Office for National Statistics this week showed that the downturn of 2008/09 was even deeper than originally believed, with gross domestic product dropping by 7.1% in the biggest recession since the second world war.
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Meanwhile, the per capita gross national product dropped from $991 per year to $457, it said.
From January to June gross domestic product dropped 31%, while inflation was about 30%.
Canada's economy stumbled in February for the first time in 19 months, as the gross domestic product dropped 0.4percentt.
On Friday, the government reported that fourth-quarter gross domestic product dropped at an annual rate of 3.8percentt.
Gross domestic product dropped at an annual rate of 5.5percentt in the first quarter, the government reported earlier this week.
No aggressive policies were forecast to be used to stimulate the economy unless growth in gross domestic product dropped below 8 percent.
Gross domestic product dropped 0.6percentt in the July-September quarter, and figures for the final three months of 2000, due next month, are expected to show modest growth at best.
Government trade figures released late on Friday showed Taiwan's exports, which are equivalent to about half of the island's gross domestic product, dropped 8.3percentt last month from a year earlier, the biggest decline in more than three years.
In fact, exports as a percentage of gross domestic product dropped to 29% as of 2007.
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