Bloomberg News

Britain Faces ‘Triple Dip’ Recession in 2013, Sunday Times Says

July 29, 2012

Britain could enter a “triple dip” recession in 2013 as Europe’s sovereign debt crisis overshadows a brief recovery spawned by the Olympic Games, the Sunday Times reported.

The “unprecedented” event would be triggered in spring next year by an exit of Greece from the euro region, threatening Britain’s AAA credit rating, the Times reported, citing economists including Azad Zangana at Schroders Plc.

To contact the reporter on this story: Erik Larson in London at elarson4@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


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