UK economy faces long grind, no new recession: think tank

Reuters : London, Tue Feb 05 2013, 14:20 hrs

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Kirby said such new policies were worth a shot, even if the euro zone was the biggest drag on growth.

"Just because you are concerned that they might not have that much impact is not a reason not to try," he said.

Looking further ahead, British unemployment was likely to start to fall in a sustained way only in 2015 and gross domestic product in per capita terms would not return to its pre-crisis peak until 2018, NIESR said.

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