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UK out of 'short and shallow' recession as GDP grows 0.1% in February
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investmentweek.co.ukDespite coming in lower than the previous month, positive GDP growth for the second month in a row signals that the UK is pulling out of the «short and shallow» recession from the second half of 2023, industry players highlighted. ECB holds rates at 4% as 'more data' is needed before cuts can begin The largest contributor to economic growth over the month was production output, which increased 1.1%, following a fall of 0.3% in January. Services output followed suit with a 0.1% rise, down from 0.3% in January. However, the ONS noted construction was the biggest detractor to growt...
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