Double-dip not as deep as feared

Britain's double-dip recession is not as deep as previously feared. Revised figures show a smaller contraction in the second quarter of the year, falling 0.4%. The initial estimate was 0.7%.

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ONS releases statistics for second quarter of 2012

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GDP falls 0.4%

The UK's double-dip recession is not as deep as previously feared after revised figures showed a smaller contraction in the second quarter of the year.

The Office for National Statistics (ONS) said gross domestic product (GDP) fell 0.4% between April and June in the second upward revision.

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