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March 14, 2012

The United Kingdom's Economic Outlook for 2012

 

The United Kingdom's economy is expected to fall back into recession in the first quarter of 2012. Daniel Tarling-Hunter, economist at Euromonitor International, gives some of the reasons why the UK's economy is sliding: 

  • Increasing unemployment
  • High inflation levels
  • Low consumer confidence

However, the UK is expected to return to growth in the third quarter of 2012, driven by the economic boost of the Olympic Games and inflation reduction.

 This video is also available on View our YouTube Channel


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