Friday, May 25, 2012

Recession Deeper than Expected

UK GDP growth was downgraded to -0.3% in Q1. With concerns over Greek exit and slowdown in Eurozone, this bodes ill for future recovery prospects. It is ironic that amidst all the talk of austerity, the ONS state. “The decline would have been steeper were it not for a 1.6pc quarterly rise in government spending, [...]

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