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GDP figures show net trade wiped 1.5% points off UK GDP

GDP figures show net trade wiped 1.5% points off UK GDP

LONDON: Britain’s trade gap dragged the economy back in the last quarter, worse than any time in at least the last 18 years.

Today’s GDP figures show that net trade wiped 1.5 percentage points off UK GDP.

That’s the weakest contribution on record, going back to 1997, following a positive contribution from net trade in the second quarter.