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UK GDP Falls For Second Straight Month

The UK economy shrank for the second straight month in April after services, construction and production contributed negatively for the first time in more than a year, the Office for National Statistics said on Monday.

Gross domestic product fell unexpectedly by 0.3 percent on month, faster than the 0.1 percent drop in March. This was the second consecutive contraction. GDP was forecast to grow 0.1 percent.

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by Renju Jaya

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