Will UK GDP figures confirm longest recession since WWII?

Economists expect the UK to remain in recession as austerity measures and ongoing turmoil in the eurozone continue to bite. Analysts will be waiting to assess the impact of the recent public holidays in the UK, including the Queen’s Diamond Jubilee, on growth. The preliminary reading of the second quarter figures are expected to show a 0.2% contraction. That would mark the longest double-dip recession since quarterly records began in 1955 and possibly the worst since the second world war. Britain slipped into its second recession within four years at the end of 2011, posting a 0.4%...