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Falling construction output helps hold the UK economy in recession.
Falling construction output helps hold the UK economy in recession. Much to the surprise of many analysts the UK economy appears to have remained in recession, with GDP output falling 0.4% in the three months of July, August and September. Construction output fell by 1.1% in the same period.
These figures, which show construction 13% down on a year ago, will dampen optimism as it seems the clamp of the recession is still tight around the UK economy.
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