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Economic outlook: the depths of recession

As the UK settles into the most severe recession for a generation, we examine the impact of the key economic measures on UK pay setters.

On this page:
Growth forecasts collapse
Inflation ... to deflation
Inflation outlook
Unemployment stands at more than two million
Earnings hit by falling bonuses
Earnings outlook
Table 1: Forecast of annual rate of change in retail prices and earnings, 2009/10
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