GDP data shows difficult economic situation - Treasury

LONDON Fri Jan 25, 2013 5:34pm GMT

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LONDON (Reuters) - Britain still faces a very difficult economic situation, the finance ministry said on Friday in response to official data showing a bigger-than-expected 0.3 percent fall in fourth-quarter GDP.

"It confirms what we already knew -- that Britain, like many European countries, still faces a very difficult economic situation," the Treasury said in a statement.

"While the economy is healing, it is a difficult road."

(Reporting by David Milliken and Olesya Dmitracova)