UK recession fears ease as quarterly GDP growth beats Brexit concerns

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Fears of a Brexit-fuelled UK recession in the immediate future have eased, despite Britain’s economy shrinking 0.1 per cent in August.

That is because Britain’s estimated GDP grew 0.3 per cent in the last three months, according to Office for National Statistics monthly data.

It marks a pick-up in growth from the previous monthly figures, which had the economy grow just 0.1 per cent in the three months to July.

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