UK GDP data reveals possibility of recession

News Team, 12/08/2022

The latest UK GDP figures revealed a 0.6 percent fall in June, lower than the forecasted 1.2 percent drop.

Last month's reading revealed growth of 0.5 percent.

A total contraction of 0.1 percent for the second quarter also came in lower than the predicted -0.2 percent.

This is “far less severe than markets had feared”, acc...

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