Britain's economy heading for triple-dip recession: Capital Economics UK

Trade deficit and industrial production in the U.K. shrank unexpectedly on a monthly basis in January suggesting the country's economy is still struggling, bringing fears on markets that it might be heading for a triple-dip depression, Samuel Tombs from the Capital Economics UK said on Wednesday. The U.K. industrial output dropped 1.2% hitting its lowest level in almost 21 years.