United Kingdom is in an even deeper recession24 May, 2012, 16:36. Posted by Zarathustra
Update (24 May 2012)
Update (24 May 2012): the second estimates shows that the UK economy contracted by 0.3% in the first quarter instead of 0.2% in the first estimate, which shows that the UK’s recession is probably deeper than once thought.
Original (25 April 2012): The latest figure from the Office for National Statistics of the United Kingdom suggests that the UK economy contracted by 0.2% in the first quarter, the second consecutive contraction in real term, making the UK economy technically in a recession.
Source: Office for National Statistics