Data out today shows that the UK economy shrank by -0.2% between the fourth quarter 2011 and the first quarter 2012. Quarterly change since 2008 is here. The ONS also revised their estimate of the change between Q3 2011 and Q4 2011, from -0.2% to -0.3%. It is also worth noting that the UK economy is still smaller than at the start of the recession.
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