UK economy declined by 0.3%

Source: RTTNews
The Office for National Statistics reported on Wednesday that the British economy lost 0.3% during the last quarter of the last year, which was unrevised from the first estimate. The contraction followed a growth of 0.9% in the preceding quarter and decrease of 0.4% in Q2. The ONS comments that the decline was a ‘fall-back' effect after the Olympics.

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