UK to fall into recession this year

Note: This section contains information in English only.
Source: Dukascopy
The economy of the UK is expected to fall into crisis in the first half of 2012 as households continued to reduce spending, said a person familiar with the matter. The government has to ease its prudent policies to boost growth, claims Niesr. The UK economy is likely to contract by 0.1% this year but expend by 2.3% in the next year in case the EU leaders find the way to resolve crisis in the region.

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