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UK Economy Reports Zero Growth in July Amid Manufacturing Decline
Financial MarketsUK EconomyUpdated 17 hours ago

UK Economy Reports Zero Growth in July Amid Manufacturing Decline

The UK economy recorded no growth in July, reflecting a significant slowdown primarily driven by challenges in the manufacturing sector. This marks the largest contraction in a year, raising concerns about the economic outlook.

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UK economy saw zero growth in July
NegativeFinancial Markets
The UK economy experienced no growth in July, following a significant decline in manufacturing output, marking the largest contraction in a year.
Zero growth in July as economy 'continued to slow', official figures show
NegativeFinancial Markets
The UK economy showed no growth in July, indicating a continued slowdown, primarily due to challenges faced by manufacturers.
Editor’s Note: This matters because stagnant economic growth can lead to job losses and reduced consumer spending, affecting overall economic health.

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