Stephanie Flanders
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Flanders explains GDP figure

The UK economy has slipped back into recession.

The latest output figures show there was a fall in growth of 0.2% between January and March 2012.

That follows a contraction of 0.3% in the last three months of 2011.

The BBC's Economics Editor, Stephanie Flanders said, "We are in unknown territory; it's worse than the '20s and worse than the 1930's".

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