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UK Economy Facing Recession Again

recessionA report today has outlined how the UK economy is facing a recession…again.

The economy has shrunk by 0.2% during the first three months of 2012 after shrinking at the end of 2011. The Office for National Statistics has reported the results. An economy officially enters a recession if it shrinks for two quarters in a row.

The fall is apparently due to a lower than expected output in the construction industry.