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Snow could put UK in a triple-dip recession
Snow blanketing much of the UK could push the economy into an unprecedented triple-dip recession, economists have warned. With the icy blast of cold weather showing no immediate signs of letting up, and some places not expected to see green grass again until next month, the economic forecast is equally gloomy. A series of economic releases – including weak trade data, downbeat business surveys and dreary retail sales – have fuelled concerns that official figures out this week will show that output fell in the final quarter of last year. Now analysts fear a cold snap in January could lead to another quarter of ... (full story)
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