UK economy contracts while stock markets rally

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The UK economy shrank 0.3% in the last quarter of 2012, increasing speculation that a ‘triple-dip' recession is on its way along with a further round of quantitative easing.

In the Office for National Statistics' flash estimate, released on Friday, GDP was estimated to have flat-lined between 2011 and 2012. Schroders European economist Azad Zangana said the 0.3% con...

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