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Chart of the week: Back to square one at last
Official figures have confirmed that Britain’s economy has finally made up the ground it lost in the recession, which was the worst plunge and slowest recovery in a century. It is the second-last of the G7 countries to reach this milestone.
Italy is the laggard, with GDP still 9% under the 2008 peak. Meanwhile, Canadian and American economies are respectively 10% and 6% bigger than their pre-crisis highs.