ECONOMICS COMMENTARY
Apr 25, 2013
UK economy avoids triple-dip recession with faster than expected expansion
The UK avoided sliding into its third recession in five years by growing more than expected in the first quarter. The likelihood of policy action by the Bank of England has fallen significantly with this better than expected outcome, but there remains pressure on the government and the Bank of England to find ways to ensure the latest upturn turns into a sustainable and robust recovery, and that the economy does not falter once again.
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