April 26, 2012 | Prepaid365

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26 April 2012

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 […]

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