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Wales Online
Wales Online
National
Neil Shaw

Economy shrinks in what could be start of long recession

Recession Economy Bank of England United Kingdom

The UK’s economy shrunk by 0.2% between July and September, in what some experts say could be the start of the longest recession since record began.

The Office for National Statistics (ONS) said that gross domestic product (GDP) had fallen by 0.6% in September, in part due to the Queen’s funeral.

It could be the beginning of a recession – which is defined as two quarters of shrinking GDP in a row.

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