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British economy contracted 0.5 %

Mar 29, 2011

UK Economy contracting less then expected on Q4 of 2010.

The British economy contracted 0.5 percent sequentially in the fourth quarter of 2010, revised from a fall of 0.6 percent previously published, the Office for National Statistics said Tuesday. The annual growth in Gross Domestic Product was 1.5 percent, unrevised from the previous estimate.

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