The British Chamber of Commerce (BCC) has informed that there is a high probability that the wraith of a triple dip recession was averted owing to strong exports in the first three months of 2013. However, it was underlined that any recovery would be probably slow and modest.
Latest data showed a surprising drop in activity in the UK services sector. The visible decline in the services sector in December is the first decrease in about two years. The fall raises fears that the UK economy might enter triple-dip recession.