The UK is back in the depths of recession. Recovery failed to gain any pull in 2011. In 2011 the economy grew by 0.9 percent for the complete year. And 2012 saw a bad beginning as the economy fell by 0.4 percent in last quarter of 2011 and then another 0.3 percent in first quarter of 2012.This can clearly indicate that UK is in recession. It’s double-dip recession, where an economy goes back into recession again without having a chance to recover from the previous one.
