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The United Kingdom’s Economic Outlook for 2012

March 14th, 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.

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