UK is back in recession as economy shrinks by 0.2%
The UK economy has returned to recession, official figures have shown.
The economy shrank by 0.2% in the first three months of 2012, the Office for National Statistics (ONS) said.
It follows a contraction of 0.3% in the last three months of 2011.
A recession is defined as two consecutive quarters of contraction.
Joe Grice, ONS chief economist told a news conference, "That aggregate figure is a result of differing experience in varying sectors".
25 Apr 2012
- From the section Business