UK economy contracts 0.3 pct in fourth quarter, raising risk of new recession

  • by: Associated Press
  • Updated: January 25, 2013 - 4:16 AM

LONDON - Britain's economy contracted by a worse-than-expected 0.3 percent in the last three months of 2012, raising the possibility that it might fall back into recession for the third time since the global financial crisis.

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