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UK expected to avoid triple dip recession

2 Apr 2013 12:00 AM | Anonymous

The British Chambers of Commerce (BCC) has announced that it expects the UK economy to avoid a triple dip recession.

The BCC has said that despite mixed results from the UK’s manufacturing sector, a strong performance by the UK’s service industry in the first quarter of 2013 will keep the economy growing.

BCC chief economist David Kern said that a recent survey revealed that official figures did not accurately portray the condition of the economy, painting a pessimistic outlook from results.

Results released by the Office for National Statistics showed a reduction of 0.3 percent in economic growth, with manufacturing shrinking further in the early months of 2013.

Mr Kern said in an interview with the BBC: "If an announcement of negative growth in the first quarter is misleadingly described as a triple-dip recession, confidence will again be damaged unnecessarily."

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