That is after hundreds of billions of quantitative easing, the scrappage scheme for cars, and a looming end to the VAT cut bringing forward spending from Q1 2010.
business.timesonline.co.uk/tol/business/economics/article7002715.ece
It is pretty grim news. Analysts were expecting at least a 0.4% growth. The pound is tanking.
With the end to the scrappage scheme, VAT rise, and snow in Q1 2010 we could very easily go back to a shrinking economy.
Technically an end to the recession (the last country of any significance to leave) but just barely.