The UK’s economy is expected to avoid a recession after showing better-than-expected growth in the three months to the end of August.
The Office for National Statistics said the economy would now have to shrink sharply in September for the third quarter to show an overall contraction. In three months, the economy grew by 0.3% as weak manufacturing was offset by buoyant TV and film production.
Even so, the economy unexpectedly shrank in the month of August by 0.1. The growth figures are being watched closely for signs of recession - defined as two consecutive quarters of contraction - after the economy shrank in the second quarter for the first time since 2012.
The next quarter runs until the end of September so the August data is the second month in the third quarter. BBC
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