Cabinet Office confirms the economy fell 0.1 percent in third quarter . The figures are a sign of how fragile Britain's recovery has been and come as Prime Minister David Cameron prepares to meet with President Barack Obama on Thursday. Major indexes around the globe have plummeted over the last two months . As a result , lower-yielding currencies like the dollar and the yen surged in value , because they are considered by many investors to be a safe haven . EU declared last week that the 15-nation group had entered into a recession .
Cabinet Office confirms the economy fell 0.1 percent in third quarter . The figures are a sign of how fragile Britain's recovery has been and come as Prime Minister David Cameron prepares to meet with President Barack Obama on Thursday. Major indexes around the globe have plummeted over the last two months . EU declared last week that the 15-nation group had entered into a recession .