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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: UK on recession brink as GDP contracts, shares get US boost

Recession United Kingdom United States

GDP contracted by a smaller-than-expected 0.2% in the third quarter, a performance expected to mark the beginning of a UK recession.

A big fall in manufacturing output and flat performance in the services industry drove the weakness, which followed growth of 0.2% the previous quarter.

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