Next week we'll find out if the U.K. has entered its first ever triple-dip recession.

Economists project the economy will post a tiny 0.1% - 0.2% growth in the first quarter.

Even if the country does manage to grow a little bit, it's clear that the economy is underperforming.

The IMF lowered its growth forecasts for the U.K. by 0.3% for 2013 and 2014. It now expects the economy to expand just 0.7% in 2013, and 1.5% next year.