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UK economy grew more slowly than expected before Omicron hit

GDP at 1.1% between July and September compared with the 1.3% initial estimate, says ONS

The UK economy grew at a slower pace than first thought between July and September, at 1.1% compared with the 1.3% initial estimate, official figures show.

Net trade weighed on growth, the Office for National Statistics figures show, as exports fell during the period and imports rose. The UK’s trade balance fell to a deficit of -1.9% of GDP in the third quarter, revised down from the first estimate of -1.2%.

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