Wednesday, July 25, 2012

British Double Dip Accelerates Following "Terrible" GDP Data

The Office for National Statistics said Britain's gross domestic product fell 0.7 percent in the second quarter, the sharpest fall since early 2009 and a bigger drop than any of the economists surveyed in a Reuters poll last week had expected. The figures confirmed that Britain is mired in its second recession since the financial crisis, with the economy shrinking for a third consecutive quarter.

http://www.zerohedge.com/news/british-double-dip-accelerates-following-terrible-gdp-data

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