Economic downturn 'likely to cause recession' in Britain: PM

Prime Minister Gordon Brown told lawmakers on Wednesday that the global economic downturn was "likely to cause recession" in Britain.

By Agencies | Oct 22, 2008, 05.52 PM IST

LONDON: Prime Minister Gordon Brown told lawmakers on Wednesday that the global economic downturn was "likely to cause recession" in Britain.

"Having taken action on the banking system, we must now take action on the global financial recession, wihch is likely to cause recession in... Britain, too," Brown said during his weekly questioning session in parliament.

A recession is defined as two consecutive quarters of negative economic growth.

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