Revised recession figures better

High street
High street

Britain's double-dip recession is not as deep as previously feared after revised figures showed a smaller contraction in the second quarter of the year.

Gross domestic product (GDP) - a broad measure of the economy - fell 0.5% between April and June in the Office for National Statistics' second estimate, which is better than the initial 0.7% drop that shocked the City last month.
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