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Insider UK
Insider UK
Business
August Graham & Peter A Walker

Economy shrinks in what could be start of a long recession

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 records 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 added to a 0.2% drop for the full quarter – lower than had been expected as the ONS revised its estimates for July and August.

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