U.K. Economy Shrank 0.3% in Fourth Quarter, Niesr Estimates
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Britain’s economy probably shrank in the fourth quarter, tipping it closer to a triple-dip recession, according to an estimate from the National Institute of Economic and Social Research.
Gross domestic product fell 0.3 percent in the period after rising 0.1 percent in the three months through November, the London-based institute, whose clients include the Bank of England and the U.K. Treasury, said in a statement today.