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 Britain is in recession, experts claim- Britain is in recession, experts claim
- January 20, 2012
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Leading economists predict that the next set of official economic figures will show that Britain has returned to recession.
Both the Ernst & Young ITEM Club and the Centre for Economics and Business Research (CEBR) believe that Britain's GDP shrank in the final three months of 2011 and will do so again in the first quarter of the year.
This will provide the two consecutive quarters of reduced output that are needed to constitute a recession.
Reports from both groups state that the health of the UK economy is closely tied to the overall health of the eurozone, which is still struggling to deal with its debt cris...
- View more at: http://www.1888pressrelease.com/britain-is-in-recession-experts-claim-pr-367408.html
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