Roundup: Recession fears mount as UK GDP falls 0.3 pct in August

LONDON, Oct. 12 (Xinhua) -- The United Kingdom's (UK) gross domestic product (GDP) declined by 0.3 percent in August, after growth of 0.1 percent in July, the Office for National Statistics (ONS) said on Wednesday.

The 0.3 percent GDP fall in August was below economists' previous forecast of zero growth, deepening the concerns that the UK economy is sliding into recession.

"The economy shrank in August wi