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Economic growth resumes for now
The UK economy is on course to grow by 0.3 per cent in the third quarter of 2019, a resumption of growth after a 0.2 per cent fall in the second quarter when production had slackened after being boosted in the first quarter by stockbuilding ahead of the original Brexit departure date (figure 1). • According to new ONS statistics published this morning, the UK economy was flat in the three months to July. The stagnation in output in the three months to July was associated with an above-expectations 0.3 per cent increase in GDP in the month of July, driven primarily by an increase in output in the services sector. ... (full story)