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Stuck in a rut

Even without a triple-dip, the economy is still in dismal shape

By Tony Dolphin and Amna Silim  

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Today’s data from the Office for National Statistics show the chancellor has narrowly avoided the ignominy of presiding over a triple-dip recession in the UK. Real GDP, which had contracted by 0.3 per cent in the final quarter of 2012, is reported to have increased by the same amount in the first quarter of this year. Growth in the service sector was more than sufficient to…

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