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UK's gross domestic product or GDP grew 0.2% in the three months ended August, after a 0.3% decline in the three months ended July, the latest monthly estimate of GDP from the National Institute of Economic and Social Research showed Tuesday.
This is the first time the GDP indicator has been higher over a three month average since May last year and reinforces the view that recession ended in May this year, the NIESR said.
The institute noted that there could now be a period of stagnation with output rising in some months and declining in others. However, it cautioned that the end of the recession should not be confused to a return to normal economic conditions.
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