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The latest @ONS GDP figures are out this morning and they show that the economy has continued to flatline for the third consecutive month, with annual growth now down to the lowest level since 2011.
The weakness in economic growth is broad-based as services and production growth continue to slow.
The weak growth continues to feed into the economy’s poor productivity performance – which ultimately lowers the earnings potential for UK workers.
This data only goes up to January and will not include the substantial economic hit from coronavirus. The economic outlook is going to deteriorate further. Read our take on what the Government’s economic response should be here: resolutionfoundation.org/publications/a…
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