UK economy slumps in weakest growth Sterling to suffer as UK ‘limps towards 1 day ago   02:41

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The British economy grew at its slowest pace for more than five years in the first quarter of 2018, as it was hit by a significant drop in construction work and sluggish manufacturing activity.

The Office for National Statistics (ONS) said gross domestic product (GDP) grew by 0.1% in its initial estimate for January to March.

It was the weakest quarterly growth since the fourth quarter of 2012 and worse than experts had predicted.

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Sterling to suffer as UK ‘limps towards UK economy slumps in weakest growth 1 day ago   09:50

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The UK’s economy could signal an early warning of the next global recession. Being one of the most vulnerable major economies to monetary tightening it may be among the first to see cracks emerge, according to Harry Colvin, senior market strategist at Longview Economics.

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