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Disappointing economic figures released in UK

07-26-2012 07:38 BJT

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A Britain busy with final preparations for the upcoming London Olympics has been dealt a blow with some disappointing economic figures released Wednesday.

Britain's gross domestic product fell 0.7 percent in the second quarter of 2012 after contracting by 0.3 percent at the start of the year. The results were much worse than expected. Unusually wet weather contributed an economy already hit by the eurozone debt crisis and government austerity according to the official data. The UK dipped into its second recession in four years at the end of last year. These latest figures mark a third consecutive quarter of contraction.

 

Editor:Bai Yang |Source: CNTV.CN

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