OBR downgrades UK growth forecast to -0.1% for 2012

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The Office for Budget Responsibility has downgraded its outlook for the UK economy.

The OBR revised down the growth forecasts for the UK economy it made in March from 0.8% to -0.1% for 2012, from 2% to 1.2% for 2013, and from 2.7% to 2% for 2014. It expects to see growth of 2.3...

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