By Marcus Leach
Research by the National Institute of Economic and Social Research (NIESR) suggests that economic growth in the UK remains subdued and will not return to the levels seen in 2008 until at least 2013.
The data showed that output in the UK fell to just 0.3% in the three months to the end of November, from 0.4% in the quarter to October.
According to the think tank the recession is over, however, there will still be a period of continued depression until growth returns to levels seen in 2008.
Further to that they suggest that the UK economy needs further stimulus.
"We do not expect output to pass its peak of early 2008 until 2013," NIESR said in a statement.
It says it interprets the term "recession" to mean a period when output is falling or receding, while "depression" is a period when output is depressed below its previous peak.
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