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UK economy shrinks as outlook on recession darkenson August 12, 2022 at 9:55 am

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The economy shrank by 0.1% leading some experts to warn a recession could start sooner than expected.

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The UK economy shrank between April and June, official figures show.

The economy contracted by 0.1% in the second quarter of the year, the Office for National Statistics (ONS) said.

The Bank of England has forecast that the UK will fall into recession towards the end of this year and the downturn will last for the entirety of next year.

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