UK economy to recover soon

Chris Dillow

Chris Dillow
UK economy to recover soon

The UK is in a deeper recession than expected. The first official estimate shows that real GDP fell by 0.7 per cent in the second quarter, far worse than economists' expectations of a 0.2 per cent drop. GDP is lower than it was in Q2 2010, and 4.5 per cent lower than it was at its peak in 2008Q1.

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