All the attention on th UK today

[Sleven]

True that Europe, China and the US have been the center of attention since the beginning of this week. But it's all about the UK today, the first quarter of results are 2012 GDP results are have just been announced this morning;

Finally, UK enters a double dip recession!!! Against all the odds given that every single sector of the economy has seen robust PMI data in January, February and March, which is somewhat of a surprise if the GDP figure is disappointing.

Well, I can't really say that I am shocked with the news!!! It was just matter of time..

[Banks]

Austerity measures have stifled UK growth because the cuts were too big too soon, but it isn't really a big contraction. and the economy should bounce back