UK is back in recession, OECD says

March 29, 2012

29 March 2012. The UK is deep in recession the Guardian reports today, and will be among the slowest of the world's largest economies to recover in the first half of this year, according to a study by the Paris-based think tank, the OECD. Only Italy will struggle over a longer period to return to growth, highlighting the difficult situation confronting the British government as it battles to boost confidence and get the economy back on track. In recent weeks surveys have shown business and consumer sentiment falling back after an initial boost earlier this year.

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