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Slump in British annual growth confirmed

Britain's economy slowed sharply last year but showed signs of modest recovery in the final quarter of 2015Britain’s economy slowed sharply last year but showed signs of modest recovery in the final quarter of 2015, official data confirmed Thursday. Gross domestic product — the total value of all goods and services produced by a country’s economy — expanded by 2.2 percent last year, down from 2.9 percent in 2014, said the Office for National Statistics, confirming its initial estimate published last month.

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