UK Recession Deeper Than Initially Thought
The UK is deeper in recession than originally thought, as figures from the Office for National Statistics show that the economy shrank more than previous estimates had stated.
UK Back in Recession After Economy Shrinks
The UK’s economy shrank by 0.2% in the first quarter of 2012, meaning the country is now technically back in recession. The threat of a double-dip recession had been looming for some time, after Gross Domestic Product (GDP) fell by 0.3% in the fourth quarter of 2011. A recession is defined as two successive quarters […]
