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UK economy contracts for first time since 2012

The British economy shrank unexpectedly for the first time since 2012 in the second quarter, dragged down by a slump in manufacturing just as Prime Minister Boris Johnson prepares to leave the European Union with or without a divorce deal.

UK economy contracts for first time since 2012
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In the most startling economic warning sign since the 2016 Brexit referendum, gross domestic product fell at a quarterly rate of 0.2% in the three months to June, below all forecasts in a Reuters poll that had pointed to a flat reading.

Read more at Reuters

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