UK economy in recession - its official

[temi]

The UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012.

A sharp fall in construction output was behind the surprise contraction, the Office for National Statistics said.

A recession is defined as two consecutive quarters of contraction. The economy shrank by 0.3% in the fourth quarter of 2011.



source/full story: bbc.co.uk/news/business-17836624

[bachelor]

wishing for stronger economy in UK as we all need it.