U.K. Seen Shrinking This Quarter Amid Triple-Dip Risk: Economy

Britain’s economy may shrink this quarter and the risk has increased that the country will succumb to its first triple-dip recession since records began almost six decades ago, according to a survey of economists.

Gross domestic product will fall 0.1 percent in the three months through December, according to the median forecast in a Bloomberg News survey. That’s down from 0.1 percent growth forecast last month. While economists see 0.2 percent expansion in the first quarter of 2013, the odds of the economy slipping back into a recession within the next year increased to 33 percent from 28 percent.