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Britain slides back into recession
 h/t Gates of ViennaBritain was back in recession Wednesday after its economy shrank in the first quarter while Prime Minister David Cameron said the country was being buffetted by the European downturn. Gross domestic product fell 0.2 percent between January and March, after a 0.3-percent drop in the fourth quarter of 2011, the Office for National Statistics (ONS) said in a statement. That technically placed Britain in recession, which is defined as two successive quarters of contraction, amid a broader downturn that appears to be taking hold across Europe and notably in members of the eurozone. Posted by: g(r)omgoru 2012-04-26 |
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