UK's credit rating cut humiliating, Labour says
Labour has attacked the government's economic policy after the UK lost its AAA credit rating, but the coalition says it is "making progress". Shadow chancellor Ed Balls said the downgrade was a "humiliating blow", and urged him to act fast to "kick-start our flatlining economy".
The country has experienced a double-dip recession since 2008. It grew in the third quarter of last year, boosted by the impact of the Olympics, but shrunk again by 0.3% in the last three months of 2012.
今回の記事ではdouble-dip recessionでひとつのイディオムとなっており、YOUR DICTIONARY に“An extended decline in economic activity following an aborted recovery from a previous recession. A relatively weak economic recovery sometimes causes investors to worry about the economy entering another recession.”と定義されていました。