UK economy to enter recession

Forecast from National Institute of Economic and Social Research (NIESR)

  • The economy will contract very slightly (0.1 per cent) this year but grow by 2.3 per cent in 2013

  • Consumer price inflation will fall back to 2.2 per cent this year and 1.4 per cent in 2013

  • Unemployment to continue to rise this year to about 9 per cent, and to remain elevated

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