Saturday, January 12, 2013

Triple-dip looms for UK after 'horrible' setbacks

"Horrible" setbacks for Britain's builders and manufacturers shook the City yesterday as a leading forecaster's warning of a winter slump heightened fears of a triple-dip recession.

Manufacturing output slipped by 0.3 per cent in November, confounding hopes of a 0.5 per cent bounceback from a dreadful October, the Office for National Statistics said. Construction firms saw output fall 3.4 per cent.
The National Institute for Economic and Social Research (NIESR) warned of a 0.3 per cent dip for the wider economy between October and December.

Read more: http://www.independent.co.uk/news/business/news/tripledip-looms-for-uk-after-horrible-setbacks-8448808.html

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