Sat, 2019-08-10 00:56
LONDON: Britain’s economy unexpectedly shrank in the second quarter of the year on Brexit turmoil, official data showed on Friday, placing the country on the verge of a recession.
Gross domestic product (GDP) fell 0.2 percent in the April-June period, the first time the economy has contracted in almost seven years, the Office for National Statistics (ONS) said.
The data, which was worse than market expectations for zero growth, sent the pound sliding against the euro and dollar.
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