Wednesday 25 April 2012

UK Slips Into Double-Dip Recession

Britain's economy slid into its second recession since the financial crisis after official data      unexpectedly showed a fall in output in the first three months of 2012, mounting pressure on Prime Minister David Cameron's embattled coalition government.
            The Office for National Statistics said Britain's gross domestic product fell 0.2 percent in  first quarter of 2012 after contracting by 0.3 percent at the end of 2011,perplexing forecasts   for 0.1 percent growth.
   
           The contraction was imagined by a huge fall in construction activity.
       

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