UK economy slows again

Nov 7, 2012

Analysts predict a 'triple-dip' recession as the pace of UK economic growth falls sharply

The pace of economic growth in the UK has fallen sharply, according to the . GDP growth in the three months to October was 0.5%, the think tank predicts – just half the 1% expansion reported by the Office for National Statistics in the three months to September, which brought the recession to a close. According to The Guardian, analysts believe the unexpectedly weak performance of industry, which suffered a 1.7% fall in output in September, makes a ‘triple-dip’ recession increasingly likely.

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