UK faced a recession in the first quarter

Note: This section contains information in English only.
Source: Marketwatch
The UK economy unexpectedly contracted during the 1st quarter of 2012 as manufacturing output and construction activity declined. The British Gross Domestic Product fell 0.2% in the first quarter, following a 0.3% drop in the fourth quarter of 2011, Office for National Statistics said on Wednesday. GDP remained unchanged from the similar period year earlier. Economists predicted the economy to grow by 0.1%.
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