Posted: January 27, 2013 in News

Originally posted on The Extinction Protocol :

  
January 26, 2013UNITED KINGDOMBritain could be on course for its third recession in four years after the economy shrank 0.3% in the last three months of 2012. The figures were worse than expected and could put pressure on the government to consider a “plan B” that would stimulate demand. A fall in manufacturing output dragged down the economy, countering a small rise in construction between October and December, according to the Office for National Statistics. The economy achieved zero growth for the year as a whole. Sterling dived on the news, reflecting fears the UK will lose its AAA credit rating and status as a haven economy, though the stock market shrugged off the news, remaining at a four-year high. George Osborne said he would not “run away” from the problems facing the UK economy: “We have a reminder today that Britain faces a…

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