Uk Now Close to Recession ; in Association with Rbs

The JournalJuly 26, 2008

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Summary


THE UK appears to be edging closer to recession, according to official figures which showed growth fell to just 0.2% between April and June.

The damage was done by a housebuilding slump as the economy grew at its slowest pace since the beginning of 2005, according to Office for National Statistics (ONS) estimates.

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Uk Now Close to Recession ; in Association with Rbs

Paul Dales, UK economist at Capital Economics, said the figures fuelled expectations that the UK faces a period of recession -...

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