LGIM: One in three chance of double-dip recession in UK

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The UK economy faces a one in three chance of falling back into recession by 2012, Legal & General Investment Management (LGIM)'s economist has warned.

Using the same model that highlighted the possibility of the financial crisis at the start of 2008, LGIM economist James Carrick suggests there is a 33% probability of recession in 2012 because of the...

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