NIESR expects U.K. to contract 0.1% in 2012 while recovers in 2013
The National Institute of Economic and Social (NIESR) said in a report on Friday the British economy has entered a mild recession and will contract 0.1% in 2012 as the escalating European debt crisis will continue to weigh on exports and confidence. NIESR expects 0.2% and 0.1% contractions in the fi.
