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UK triple-dip recession looms

Chancellor George Osborne has vowed not to "run away" from Britain's economic problems amid fresh signs the UK is heading for an unprecedented triple-dip recession.

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GDP figures could signal another period of recession

The GDP figures for the last three months of 2012 will be released this morning and could show that the UK has entered another period of recession.

The economy is officially in recession if the figures show that GDP - the amount of goods and services produced by the UK - has contracted for a second quarter in a row.

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