recession

UK economy shrinks by 0.7%

The UK plunged deeper into recession in the second quarter of this year, according to the latest official figures from the Office for National Statistics (ONS).

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What's next for Europe?

The eurozone continues to teeter on the brink of disaster with Greece, Spain and Italy struggling to keep their debt under control, making investors increasingly nervous.

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How would a break-up of the euro affect the rest of the world?

A partial break-up of the eurozone, with the weakest economies leaving and the core holding together, could be part of the solution to Europe's problems, rather than the disaster that many assume.

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How to solve the euro puzzle

Despite the worst crisis Europe has known since World War II, the euro stands at the same level against the dollar - at 1.25 - as in November 2008.

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Can you make money from the Greek tragedy?

It has been two years since Greece first revealed the extent of its debt and got out its begging bowl, but the situation has only got worse since then.

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Olympics will pull UK out of recession

The Olympics will help bring the UK out of recession this year, as economic growth should surge on the back of increased consumer spending and Olympic ticket sales.

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UK officially back in recession

GDP in the first quarter of 2012 contracted 0.2%, implying that the UK is officially back in recession, as it followed a drop of 0.3% quarter-on-quarter in the fourth quarter of 2011.

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UK back in recession, says think tank

The UK is probably already in a new recession, according to new estimates from highly-regarded economic forecaster the Ernst & Young ITEM Club.

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Financial doom and gloom to continue for some time

In his annual speech at London's Mansion House in early June, Bank of England governor Sir Mervyn King warned that we could be only halfway through a period of "seven lean years" and that the UK faces at least another three...

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