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UK economy emerges from recession

The UK economy has come out of recession, after figures showed the economy had grown by 0.1% in the last three months of 2009.

The economy had previously contracted for six consecutive quarters - the longest period since quarterly figures were first recorded in 1955.

There have been recent recovery signs - last week UK unemployment fell for the first time in 18 months.

The UK's had been one of the last major economies still in recession.

Europe's two biggest economies - Germany and France - came out of recession last summer. Japan and the US also exited recession last year.

The UK recession began in the April-to-June quarter of 2008.

During 18 months of recession, public borrowing increased to an estimated £178bn, while output slumped by 6%.

First estimates of how the economy has performed are made with about 40% of the data available, and Investec economist David Page has warned there is "plenty of room for surprises" in the figures.

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