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Is recession closing in on the UK?

Growth in the first quarter of 2018 was anaemic—but the real worry lies in the economic trends

By George Magnus  

Photo: Matt Crossick/Matt Crossick/Empics Entertainment

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. It may unfold this year or wait in the wings until 2019. Yet the government and…

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