UK economy remains in the deep freeze

Sea ice terrain

The snow that brought much of the UK to a halt last month may have melted, but the economy remains in the deep freeze.

The economic picture is a complex one and the route back to growth will be challenging, XpertHR’s economic commentary for February 2013 finds.

The economy is shrinking again, raising the risk of an unprecedented triple-dip recession. Persistently high inflation and ongoing subdued pay awards look set to make recovery even more challenging. Yet the labour market continues to go from strength to strength.

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