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UK economy takes a hit

Published by Steve Coleman on August 16, 2011

The UK rediscovered last week that it isn't immune to the bad news making the rounds in the world economy.

Economic indicators released Aug. 9 say the island's growth engines - manufacturing and exports - chugged in June.

Factory output fell 0.4 per cent, including a 1.7 per cent drop in car production. The UK trade gap also rose from £8.47 billion ($13.7 billion) to £8.87 billion ($14.3 billion) during the month.

The UK`s total GDP growth for the second quarter was 0.2 per cent, says a story in The Guardian`s web site.

 

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