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Good news on the uk recession

 Jan. 13 (Bloomberg) -- The U.K. economy emerged from the worst recession on record in the fourth quarter, the National Institute of Economic and Social Research said.

Gross domestic product grew 0.3 percent after shrinking 0.2 percent in the third quarter, the institute, whose clients include the Bank of England and the Treasury, said in an e- mailed statement today in London. The economy shrank 4.8 percent in 2009, more than any year of the Great Depression and the most since 1921, the report said.

Bank of England policy maker Andrew Sentance told the Guardian newspaper in an interview published today that the early months of recovery may “feel fragile and uncertain.” Government data today showed U.K. manufacturing unexpectedly stalled for a second month in November, suggesting the economy is struggling to shake off the slump. Read more...