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UK GDP Growth Confirmed At 0.1%

The UK economy expanded modestly in the first quarter, as initially estimated, underpinned by services and production, revised data from the Office for National Statistics showed on Friday.

Gross domestic product registered a sequential growth of 0.1 percent in the first quarter. The preliminary estimate was thus left unchanged and also matched the fourth quarter's expansion.

Still, the level of quarterly GDP was 0.5 percent below its pre-pandemic level.

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by Renju Jaya

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