The Royal Bank of Scotland's Group Economists have been sharing their analysis of the GDP figures on Twitter.
Post-WW1 & WW2 #GDP fell at double-digits rates. Those aside, 2008-12 fall was bigger than any since before Victoria ascended the throne.
Business leaders at the World Economic Forum cautioned against complacency amid optimism that the eurozone is emerging from its crisis.
The Chancellor blames GDP figures on the crisis he inherited, and troubles abroad. As criticism mounts, his position becomes more difficult.
Unusually frank words for the government from one of the City's top economists on today's dismal GDP figures.