UK economy grows in Q2, easing recession fears

Britain’s GDP expands 0.2% in the three months to the end of June. – EPA pic, September 30, 2022.

BRITAIN’S economy grew in the second quarter and did not shrink as previously thought, data showed today, easing recession fears amid ongoing turmoil over the government’s tax-slashing budget.

GDP expanded 0.2% in the three months to the end of June, upgraded from a 0.1% contraction, the Office for National Statistics said in a statement citing improvements in data methods.

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