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UK Economy Flatlines As Election Looms

The UK economy stagnated in April as services growth was offset by falls in production and construction output, which was largely caused by an unusually wet weather, and dealt a setback to Prime Minister Rishi Sunak ahead of the July 4 general election.Gross domestic product remained flat on month, as expected, after expanding 0.4 percent in March, the Office for National Statistics said Wednesday. On the production-side, services output grew 0.2 percent, marking the fourth consecutive expansion. On the other hand, industrial output fell by more-than-expected 0.9 percent on month,...
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