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UK to avoid triple dip recession

Britain will avoid a triple dip recession thanks to near record levels of exports from the powerhouse services sector, according to the British Chambers of Commerce.

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BCC: ONS has 'exaggerated' economic weakness

David Kern, British Chambers of Commerce chief economist, said the results suggested the economy continued to grow in the first three months of 2013.

He added:

The survey reinforces our assessment that recent gross domestic product (GDP) figures published by the Office for National Statistics (ONS) have exaggerated the weakness of the UK economy and the volatility in output.

If an announcement of negative growth in the first quarter is misleadingly described as a triple-dip recession, confidence will again be damaged unnecessarily.

He admitted the survey showed the UK's economic performance was still "inadequate", but confirms areas of strength.

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