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More evidence that the economic recovery in the UK is gathering pace as preliminary data for Gross Domestic Product declined less than initial estimates, falling 0.3 percent for the third quarter which represents a 5.1 percent contraction on year. Initial estimates indicated the economy would shrink by 0.4 percent. The Bank of England has predicted the UK economy will return to growth this year, with an increase of 2.2 percent in the fourth quarter.
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