The UK economy has avoided falling back into negative territory.
The UK economy grew by 0.5% in the third quarter of 2011. This is according to the preliminary estimate on growth in gross domestic product (GDP) published by the Office for National Statistics today (Tuesday 1 November 2011).
ONS says "there is no evidence to suggest that the riots in August had any
significant impact on GDP for Q3."
But how likely is it that we could see a double-dip recession in 2012?
The UK economy grew by 0.5% in the third quarter of 2011. This is according to the preliminary estimate on growth in gross domestic product (GDP) published by the Office for National Statistics today (Tuesday 1 November 2011).
ONS says "there is no evidence to suggest that the riots in August had any
significant impact on GDP for Q3."
But how likely is it that we could see a double-dip recession in 2012?
- For further details, see: XpertHR economic commentary November 2011: For a few billion pounds more
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