UK economic contraction ‘less than thought’ for 2012

The British Chambers of Commerce (BCC) has increased its forecast for UK growth for 2012, but still expects the economy to shrink. The UK will shrink by 0.1% this year, less than the 0.4% contraction it had predicted previously, the BCC said. That is “entirely due to the stronger-than-expected…

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UK economic contraction ‘less than thought’ for 2012

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