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UK avoids triple-dip recession

A triple-dip recession has been averted as the economy grew by 0.3% in the first three months of the year, according to preliminary estimates. The Chancellor George Osborne has said it is "an encouraging sign the economy is healing".

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Triple-dip recession avoided as GDP grows 0.3%

Britain has avoided a triple-dip recession according to the latest figures from the Office for National Statistics.

The figures showed that GDP grew by 0.3 percent in the first three months of this year.

A recession is defined as two or more consecutive quarters of negative economic growth.

Read: Britain's previous two periods of recession

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