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UK GDP Unexpectedly Shrinks In August

Por: RTTNews Business October 12, 2022

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The UK economic output contracted unexpectedly in August on decelerating manufacturing and services activity, signaling that the is sliding into a recession. Gross domestic product shrank 0.3 percent month-on-month, in contrast to the revised 0.1 percent growth in July, the Office for National Statistics reported Wednesday. GDP was forecast to stall after July's initially estimated growth of 0.2 percent.Monthly GDP is now estimated to be at... + full article



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