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Is recession closing in on the UK?

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First published: Prospect 1/05/2018

The announcement last week that UK GDP rose by a mere 0.1 per cent in the first quarter of 2018 alarmed many an economic commentator, and pushed Sterling against the ropes. No one should take preliminary GDP data for a single quarter that seriously, and there are extenuating circumstances, but the data come as a warning that the UK may be starting to flirt with the next economic downturn. Read on….