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Economy shrinks again

GDP fell by 0.3% in the last three months of 2012, according to official figures released today. It could mean the start of another period of recession for the UK.

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GDP figures expected

The latest GDP figures for the fourth quarter are expected to be published today.

Businesses are braced for signs of further recession, with the economy expected to contract by 0.3%.

The most notable slump is expected to be seen in manufacturing and construction sectors. The figures are likely to have an impact on the already struggling retail sector.

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