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Evening Standard
Evening Standard
World
William Mata

UK economy shrank ‘more than thought’ up to September putting it last among G7 nations

The UK economy is on track to shrink by 1.3 per cent in 2023

(Picture: PA Wire)

Official figures released on Thursday signalled that Britain is heading for recession.

The Office for National Statistics said gross domestic product (GDP) fell by a revised 0.3 per cent inthe third quarter of 2022 against the 0.2 per cent decline initially estimated.

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