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Last updated: April 25. 2013 1:37AM - 752 Views
Associated Press



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(AP) Britain's Office for National Statistics is set to release its estimate of the country's economic growth or lack of it in the first quarter.


The numbers are being closely watched because a decline would mean the U.K. economy has slipped back into recession.


Britain's government desperately wants a robust number to justify its austerity policies. But indicators ahead of Thursday's release have not been promising for Britain, the third-largest economy in the 27-country EU.


Economists on average expect the figures will show the economy grew 0.1 percent compared with the previous quarter. But with growth so anemic, even a statistical blip could put the number in negative territory and push Britain into its third recession since 2008.


A recession is typically defined as two quarters of economic contraction.


Associated Press
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