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Economy exits recession, estimates ONS, but prospects are uncertain

The Office for National Statistics has estimated that GDP increased by 1 per cent in Q3 2012 compared with Q2 2012 with business services and finance returning to growth.

NIESR says UK economy is 4 per cent smaller than peak size

More than four years after the start of the recession, the UK economy is well over 4 per cent below its pre-crisis peak. This persistent weakness is unprecedented, says the National Insitute of Economic and Social Research (NIESR). Read more...
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