UK contraction less than thought
September 29th, 2009
| Category: Economy
The rate of contraction of the UK economy in the three months from April to June has been reduced again. Gross domestic product (GDP) fell by 0.6% compared with the previous quarter, better than the previous estimate of a 0.7% contraction. The latest improvement came mostly from the manufacturing and construction sectors of the economy. It suggests that the UK may see more signs of recovery, and possibly even growth, in the third quarter. The original estimate…
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