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  UK economy in double-dip recession
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ContributorPicimpalious 
Last EditedPicimpalious  Apr 26, 2012 06:49am
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CategoryNews
News DateWednesday, April 25, 2012 12:00:00 PM UTC0:0
DescriptionThe UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012.

A sharp fall in construction output was behind the surprise contraction, the Office for National Statistics said.

A recession is defined as two consecutive quarters of contraction. The economy shrank by 0.3% in the fourth quarter of 2011.
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