UK Economy Slows Slightly Less than Expected

The UK monthly statistics package showed that the economy lost 0.1% in the second quarter (0.2% expected), and the annual growth rate collapsed from 8.7% to 2.9% (2.8% expected). For the month, the decline was 0.6%, half the forecasts. A similar “better than might have been” is evident in the other indicators released today. Industrial […]

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