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UK economy set to contract after strong start to summer, say experts
Economists expect a 0.3% drop as services weaken and manufacturing flatlines, with rising inflation adding pressure on businesses and consumers.
Summary
5 Articles
5 Articles
Economy set to shrink ahead of Budget in ‘difficult’ outlook
The UK economy is expected to have shrunk in August, despite hopes that the stronger-than-expected growth seen in June and July would continue. The latest gross domestic product (GDP) data, which will be released on Thursday, is expected to show a contraction of 0.1 per cent in August, according to City economists polled by Bloomberg. [...]
·London, United Kingdom
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Coverage Details
Total News Sources5
Leaning Left2Leaning Right0Center2Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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