Is Britain’s Economy Heading for a Double-Dip?

Britain’s economy shrank by 0.5% in the last quarter of 2010, figures reveal, raising fears of a double-dip recession. The Office for National Statistics said December’s severe winter weather was largely to blame for the surprising figures, which show the first contraction of growth since the third quarter of 2009. Analysts had previously been expecting modest growth of 0.4%. – Aljazeera

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