Recession threat returns

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In the UK, data just released has indicated that the nation’s GDP contracted a higher-than-expected 0.2% sequentially in the fourth quarter of 2011, raising concerns over the health of the economy. The BoE minutes of the last policy meeting indicated that policy makers had voted unanimously to keep the target for bond purchases unchanged.

Market concerns over a possible recession in the Eurozone ebbed slightly yesterday following strong Eurozone and German manufacturing PMI data. Across the Atlantic traders await today’s conclusion of the two-day interest rate meeting.

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Recession threat returns

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