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UK economic growth falls by 0.5% in July as demand shrinks
05:48
Europe
UK economic growth falls by 0.5% in July as demand shrinks
The UK's economy has slipped into contraction, according to the government's latest data. The country is facing rising inflation which reached 6.8 percent in July this year. As the central bank continues to hike interest rates, the negative impacts of the cost of borrowing are being felt across many sectors of the economy. Emre Boz reports.
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