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Construction Data May Drag U.K. Deeper Into Recession

Wall Street Journal Original article ›

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The UK's Office of National Statistics said construction output fell by 3.7% in the first quarter of 2012, compared to prior year. Output fell 3%. The revised decline in GDP for the first quarter is 0.3%.

Analysis by The Economist and other expert opinion in 2010 of the economic prospects for Europe and the U.S.

01/11/2010

The Economist looks at the near term trends- unemployment not down as much in Britain in August and consumer spending holding up in Britain- as evidence a recovery is looming. And it cites the Suppy Managment Index up slightly in the US. Most other experts see a difficult situation in 2011 as the stimulus fades and local governments cut back- economists such as Stiglitz, Shiller, Krugman, Feldstein and others, and businessmen like Malone.

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All sections of U.K. society are asked to share the burden of reducing the deficit.

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