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The Independent UK
The Independent UK
National
Jill Lawless

UK economy shrinks as economists warn of more pain to come

Economy United Kingdom Jeremy Hunt Liz Truss Britain Bank of England
Copyright 2022 The Associated Press. All rights reserved

Britain’s economy shrank in the three months to September, official statistics said Friday, as forecasters warned of many months of contraction to come.

The Office for National Statistics said gross domestic product fell by 0.2% between July and September, a smaller-than-expected contraction that nevertheless is seen to signal the start of a long recession.

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