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New figures confirm UK in recession - BBC News | |
(32 minutes later) | |
The UK economy fell into recession last year, revised official figures have confirmed. | |
Gross domestic product shrank by 0.3% between October and December. | |
The Office for National Statistics also confirmed that the economy contracted by 0.1% between July and September. | |
A recession is commonly defined as when the economy fails to grows over two consecutive quarters, or three month periods. | |
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