Britain has avoided a triple-dip recession after the economy grew by 0.3% during the first quarter, but economists are not getting carried away by the news.
The UK climbed out of the double-dip recession with a bang between July and September as the economy returned to growth at its fastest pace in five years, official figures showed today.
The UK's double-dip recession is not as deep as previously feared, after revised figures showed a smaller contraction in the second quarter of the year.
Britain slumped to its longest double-dip recession in more than 50 years today after shock figures revealed the economy shrank by a worse-than-expected 0.7% between April and June.
The UK's economy suffered a worse-than-expected 0.2% contraction in the final quarter of 2011, it was revealed today, fuelling fears of another recession.
The UK's economic recovery hopes were boosted today when official figures revealed the pace of growth accelerated faster than expected in the third quarter of 2011.
The UK economy grew at a slower rate between April and June than previously thought, official figures reveal today, as the country's recovery nearly ground to a halt.
5 October 2011
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