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Page last updated at 08:16 GMT, Wednesday, 1 July 2009 09:16 UK

'Very cautious outlook' for 2010

The UK economy contracted 2.4% in the first quarter of 2009, a decline not exceeded in 51 years, according to the latest official data. Economics editor Stephanie Flanders and Sir Stuart Rose, executive chairman of Marks and Spencer, discuss whether the recession is nearly over or is set to continue.

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