LONDON: Britain is braced for gloomy figures on Wednesday that look set to show the country still mired in recession ahead of the London Olympics, as the euro zone debt crisis, public spending cuts and an extra holiday weighed on the economy in the second quarter.
Britain tipped into a second recession within four years at the end of last year, and preliminary second-quarter data due at 0830 GMT is forecast to show a 0.2 percent contraction, on top of the 0.3 percent decline at the start of the year.
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