UK gross domestic product (GDP) contracted in the second quarter for the first time since 2012, the Office for National Statistics said in its latest report, meaning the UK is only one negative quarter away from a recession.
The GDP monthly estimate for June, published today (9 August), shows that GDP shrunk by 0.2% in Q2 following the strong growth seen in Q1, largely due to a pull back in manufacturing output, althou...
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