Posts Tagged ‘Triple dip recession’

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Jobs increasing in Dorset, Hampshire and Somerset

UK to avoid Triple Dip Recession

It has just been announced by the CBI that they expect the UK to avoid Triple Dip Recession by growing 0.3% in the first quarter of 2013.

That comes after the economy shrunk in the last quarter of 2012 by 0.3%, the first period in what some feared might be another six months of negative growth. This was post the Olympic fueled summer of growth.

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Triple dip recession

Jobs increasing in Dorset, Hampshire and Somerset

Triple Dip Recession?

Is the UK now facing the dreaded triple dip recession as it is reported GDP in Q4 2012 falls by 0.3%?

A recession is declared when an economy sustains two back to back quarters of negative growth in Gross Domestic Product (GDP). So far the UK has experienced this twice resulting in two periods of recession over the past 5 years.

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