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Today's news in brief-15/11/24

Summary by Retail Sector
The UK economy stagnated in Q3 2024, with GDP rising just 0.1%, a sharp slowdown from 0.5% growth in Q2. The services and construction sectors saw modest gains, but production shrank. Nominal GDP increased by 0.8%, driven by rising employee compensation. Economic uncertainty, partly due to the upcoming budget, hindered decision-making, with businesses expressing concerns over rising costs. The Confederation of British Industry (CBI) noted the st…
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