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UK Economy Stagnates In Q4

The UK economy stalled in the fourth quarter as uncertainty around Brexit and the general election weighed on investment and spending, first estimates from the Office for National Statistics showed Tuesday.

Gross domestic product remained unchanged from the previous three months, as expected, after expanding by a revised 0.5 percent in the third quarter.

"There was no growth in the last quarter of 2019 as increases in the services and construction sectors were offset by another poor showing from manufacturing, particularly the motor industry," ONS Head of GDP Rob Kent-Smith said.

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by RTTNews Staff Writer

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