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UK back in recession after 0.2 pct Q1 contraction

04-26-2012 10:37 BJT

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Britain's economy has fallen back into recession for the first time since 2009 after official figures Wednesday showed that it unexpectedly contracted during the first three months of the year.

The Office for National Statistics said economic output as measured by gross domestic product fell by 0.2 percent in the first three months of the year from the previous quarter. The first quarter drop follows the 0.3 percent decline recorded in the last quarter of 2011 and means Britain has returned to recession — two consecutive quarters of negative growth are required for a country to be officially deemed to be in recession.

 

Editor:James |Source: CNTV

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