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UK Economy Shrinks by 0.1% in Second Quarter as Recession Looms

Posted on the 12 August 2022 by Phil's Stock World @philstockworld

Britain's recovery from the pandemic stalled in the three months to June when the economy contracted by 0.1%, according to official figures that revealed the weakening outlook for the UK, which is expected to enter a recession later this year. Exports fell and consumer spending contracted to push ...

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