Business and people search

UK avoids triple dip recession

25th April 2013

Share:

Image: jscreationzs / FreeDigitalPhotos.net

THE UK has avoided an unprecedented triple dip recession after official figures showed output grew by 0.3% in the first quarter of the year. This followed a 0.3% contraction in the final three months of 2012. A recession is officially defined by two consecutive quarters of negative growth. Joe Grice, chief economist of the Office for National Statistics, said the growth had much to do with the success of the service sector, which has grown by 0.8% since the trough of 2009. However, there was disappointing news for both the manufac......for the full story register now for free or login below...


Print this page Have your say Bookmark and Share Send to a friend

More News News Archive

Have Your Say 

Be the first to comment on this article!

Login to submit a comment

 
TheBusinessDesk is a trading name of Regional Media Services Ltd.
A company registered in the UK, company number : 07111349 VAT Number : 124302954