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UK growth slows down

Official figures released today show that the UK economy continued to recover in August, with GDP rising by 2.1%, the fourth monthly increase, albeit at a significant slower pace compared to July’s (revised) growth of 6.4% and June’s of 9.1%. This means that UK output in August remains 9.2% lower than in February. None of the GDP subsectors: production, construction, services and agriculture have yet recovered to their pre-pandemic levels.

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