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United Kingdom: Atrocious spring weather prompts triple-dip recession fears

2013-03-25 22:56:00| Climate Ark Climate Change & Global Warming Newsfeed

Telegraph: Disruption to transport, companies and schools caused by the snow and freezing conditions could be enough to leave the economy shrinking for a second quarter in a row. Samuel Tombs, UK economist at forecasters Capital Economics, told The Guardian that past experience suggested that High Street spending would be about 1 per cent lower this month as a result of temperatures being 3C lower than the average for this time of year. "Given that most economic indicators suggest that the economy was...

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