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Sat 10 Oct 2009Surprise as UK economy remains in recession
THE UK economy shrank by 0.4 per cent in the third-quarter, indicating that the deepest recession in a generation is not yet over.
From a peak in the first quarter of 2008, the UK economy has now contracted by 5.9 per cent, the Office for National Statistics reported. The recession has now lasted for six quarters, the longest downturn since the second World War.
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