Recessions Current Affairs, GK & News

UK economy in double-dip recession

The UK economy has returned to recession, after shrinking by 0.2% in the first 3 months of 2012. The Office of National Statistics held that a sharp fall in construction O/P was behind the surprise contraction. The UK economy shrank by 0.3% in the fourth quarter of 2011. The UK economy was last in recession ..

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Economy grows 7.7% in Apr-June

The Indian Economy has shown the slowest pace in six quarters. Data released by the Central Statistics Office have showed growth in the April-June quarter of the current financial year stood at 7.7% compared to 8.8% in the same year-ago period. In the January-March quarter, the economy expanded 7.8%. The reasons are:   Rising interest ..

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