U.K. Economy Avoids Further Contraction

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BY AINSLEY THOMSON AND CASSELL BRYAN-LOW
LONDON—Britain avoided slipping into its third recession in recent times during the first quarter of 2013, a rare bit of welcome economic news for the government, but it continues to struggle to deliver even modest sustainable growth
The U.K. government took a bold gamble on a program of government-spending cuts when it took office in 2010, but it has faced increasing criticism of its austerity program as the economy has stagnated. Gross domestic product grew 0.3% in the first three months of the year compared with the previous quarter, according to preliminary estimates published Thursday by the U.K.’s Office for …
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